Interest on loan for self-occupied house taken before 1st April, 1999 will be allowed up to

Related MCQs

• An individual assesses can show maximum loss of …………….from a selfoccupied residential house property.
• 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.
• 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 .
• The interest on loan paid by the Government of India to a non-resident outside India is………..in India.
• 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 .
• Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of .
• The period of 12 months commencing on the first day of April every year and ending on 31st March is called as .
• If loan granted by employer to employee does not exceed …………., it is not treated as perquisite to employee for purpose of income tax.
• Deduction from annual value is allowed under .
• ………………..standard deduction from annual value is allowed.