,67,000. While computing income from house property, the deduction is allowable to the extent of .

Related MCQs

• Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of .
• 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.
• Under the Head Income from House Property, the basis of charge is the of property.
• 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 .
• The net annual value of house let out is ` 1,00,000 and actual amount spent by the assessee on repairs and insurance premium is ` 20,000. The amount of deduction allowed under Section 24(a) shall be .
• When annual value of one-self occupied house is nil, the assesses will be entitled to the standard deduction of .
• As per Income Tax Act, 1961, income tax is charged on the income of at a rates which are prescribed by the Finance Act of relevant assessment year.
• 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 .
• An individual who transfers house property without an adequate consideration to his owner spouse or to minor child is called as .
• Which of the following is not a case of deemed ownership of house property?