An individual who transfers house property without an adequate consideration to his owner spouse or to minor child is called as .

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.
• 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 .
• Under the Head Income from House Property, the basis of charge is the of property.
• An individual assesses can show maximum loss of …………….from a selfoccupied residential house property.
• 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
• When the portion of the house is self-occupied for the full year and portion is self-occupied for the whole year, the annual value of the house shall be determined by .
• 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 .
• Which of the following is not a case of deemed ownership of house property?
• ,67,000. While computing income from house property, the deduction is allowable to the extent of .
• Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of .