An individual assesses can show maximum loss of …………….from a selfoccupied residential house property.

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.
• Residential Status of an assesses can be .
• In the absence of the individual assesses, return of income can be signed by …………………
• When annual value of one-self occupied house is nil, the assesses will be entitled to the standard deduction of .
• Under the Head Income from House Property, the basis of charge is the of property.
• An individual who transfers house property without an adequate consideration to his owner spouse or to minor child is called as .
• The assesses can claim relief under…………….for arrears or advance salary.
• If the assesses let out the building or staff quarters to the employee of business, the rent collected from such employees is assessable as income from .
• 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 .