Rental income from the business of leasing out properties would be taxable under the head_______

Related MCQs

• 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 .
• If the individual using the property for the business or professional purpose the income taxable under the……………..head.
• The following is not taxable as income under the head “Salaries”:
• The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• The salary of Member of Parliament is taxable under the head .
• Which of the following is not taxable under the head Salary?
• Rent received by original tenant from sub-tenant is taxable under the head
• 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 .
• 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
• 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.