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 Ram is taxable under the head______________.

Related MCQs

• Calculate the Gross Annual value from the following details: Municipal Value - Rs. 45,000 Fair rental value - Rs. 50,000 Standard rent - Rs. 48,000 Actual Rent - Rs. 42,000
• Rental income from the business of leasing out properties would be taxable under the head_______
• Under the Head Income from House Property, the basis of charge is the ______________ of property.
• The house rent allowance (HRA) under the salary head of Income Tax Act is given by_____________.
• franchise fee received by an assessee in tourism business, against special rights given to franchisees to undertake hotel business in assessee’s property is taxable under the head _____
• _______ is the rent fixed under Rent control Act.
• For computation of Gross Annual Value, if actual rent is more than expected rent, then we select the ______________.
• The Central Government has notified Income computation and disclosure standards for computing income under the head Profits and Gains of Business and Profession - .
• The salary, remuneration or compensation received by the partners is taxable under the head _______________.
• The salary, remuneration or compensation received by the partners is taxable under the head _______________.