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 .

Related MCQs

• 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.
• 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 .
• 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 net annual value of house let out is ` 1,00,000 and actual amount spent by the assessee on repairs and insurance premium is ` 20,000. The amount of deduction allowed under Section 24(a) shall be .
• The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• The house rent allowance (HRA) under the salary head of Income Tax Act is given by
• 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 .
• Under the Head Income from House Property, the basis of charge is the of property.
• The capital gain is chargeable under of Income Tax Act.
• Value of rent-free accommodation or a house owned by employer in case of non-government employees with above 25 lakh population is .