Mr. Ram owns a house property. He lent it to Laxman at ` 10,000 p.m.
Laxman sublet it to Mr. Maruti on monthly rent of ` 20,000 p.m. Rental
income of Laxman is taxable under the head .

Related MCQs

• Mr. R owns a house. The Municipal value of the house is ` 50,000. He paid ` 8,000 as local taxes during the year. He uses this house for his residential purposes but lets out half of the house @ ` 3,000 p.m. The annual value of the house is.
• Mr. Shushant is the owner of a house, the details of which are given below the gross annual value would be Municipal value ` 36,000 Actual rent ` 32,000 Fair Rent ` 36,000 Standard Rent ` 40,000
• Calculate the Gross Annual Value from the following details: Municipal Value ` 45,000 Fair rental value ` 50,000 Standard Rent ` 48,000 Actual Rent ` 42,000
• Rental income from the business of leasing out properties would be taxable under the head_______
• Under the Head Income from House Property, the basis of charge is the of property.
• Rent from House Property let out by an assessee to his employees when such letting is incidental to his main business will be chargeable to tax under head .
• The house rent allowance (HRA) under the salary head of Income Tax Act is given by
• If the individual using the property for the business or professional purpose the income taxable under the……………..head.
• Rent received by original tenant from sub-tenant is taxable under the head
• Arrear rent is taxable after deducting…………..as per Section 25B of the Income Tax Act, 1961.