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 .

Related MCQs

• 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 .
• Mr. Shushant is the owner of a house, the details of which are given below the gross annual value would be Municipal value ` 36,000 Actual rent ` 32,000 Fair Rent ` 36,000 Standard Rent ` 40,000
• In the absence of the individual assesses, return of income can be signed by …………………
• 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
• If fair rent is not gives, then assume………….as fair rent.
• For computation of Gross Annual Value, if actual rent is more than expected rent, then we select the .
• Income tax is collected on all types of income except .
• Mr. A, partner of M/s ABC, is assessable as .
• If loan granted by employer to employee does not exceed …………., it is not treated as perquisite to employee for purpose of income tax.
• Value of rent-free accommodation in case of Government employee shall be taxable up to