Rate of depreciation on residential building is……………..

Related MCQs

• ……………….of Income Tax Act is related to residential status.
• The Company may have the residential status as .
• Residential Status of an assesses can be .
• 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.
• An individual assesses can show maximum loss of …………….from a selfoccupied residential house property.
• 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 .
• The Income tax rate for the financial year 2016-17 for individual is…………..
• Income tax rate for the senior citizens for year 2016-17 is .
• The rate of tax for the financial year 2016-17 for the foreign companies is
• Surcharge is levied at the rate …………….if the income exceeds ` 1 crore of the financial year 2016-17.