Income from property held under trust for charitable or religious purposes is .

Related MCQs

• Under the Head Income from House Property, the basis of charge is the of property.
• The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• 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.
• 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 .
• If the individual using the property for the business or professional purpose the income taxable under the……………..head.
• House property held for less than 36 months is .
• The subject matter of the trust is called …………….
• The trust should be one established in accordance with law and its objects should fall within the definition of the term ………….
• ,67,000. While computing income from house property, the deduction is allowable to the extent of .
• Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of .