The annual value of a house property is Rs:1,40,000. Mr. X and Mr. Y are equal co- owners of the house. X’s income from house property shall be:

Related MCQs

• The unabsorbed loss under “Income from house property” shall be carried forward and set-off in subsequent assessment years up to a maximum of ............................... years against income from house property.
• Standard deduction allowed on annual value of let out house property is:
• The annual value of the vacant H.P. referred in section 23(2)(b) shall be:
• The standard deduction u/s 24(a) shall be................. , if the Annual Value of the H.P. is Rs: 60,000.
• Annual value of self occupied house is:
• Value of facility of a house, owned by the employer, provided to an employee in the city where the population is 15 lakh, shall be:
• Value of unfurnished house, hired by employer, provided to an employee shall be:
• According to Income Tax Act, there are.................heads of income.
• is the base of computation of income under the head “income from H.P”
• The inclusion of others’ income in the income of an assessee is called: