The Annual Value has been defined under of 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.
• 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.
• Arrear rent is taxable after deducting…………..as per Section 25B of the Income Tax Act, 1961.
• Which section of the Income Tax Act exempted incomes have been mentioned?
• 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
• The capital gain is chargeable under of Income Tax Act.
• Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is .