Arrear rent is taxable after deducting…………..as per Section 25B of the Income Tax Act, 1961.

Related MCQs

• 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.
• The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• 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
• The Income Tax Act, 1961 broadly covers .
• Encashment of earned leave is given by………………. of Income Tax Act, 1961.
• Compensation received on voluntary retirement is given by of Income Tax Act, 1961.
• The Annual Value has been defined under of Income Tax Act, 1961.
• 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 .
• The house rent allowance (HRA) under the salary head of Income Tax Act is given 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