CA Inter Income from House Property — practice questions
26 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Inter Income from House Property in the app →Income from house property is charged to tax under Section ___ of the Income-tax Act:To be taxed under house property, the assessee must be the ___ of the property:Property used by the owner for the purpose of their own business or profession is:The basis of charge under house property is the ___ of the property, not the actual rent alone:Municipal taxes are deductible from the Gross Annual Value only if:Net Annual Value is computed as Gross Annual Value minus:A standard deduction of ___ of the Net Annual Value is allowed under Section 24(a):Deduction for interest on borrowed capital for house property is allowed under Section:For a self-occupied property, the annual value is taken to be:The maximum deduction for interest on a loan for a self-occupied house (acquired/constructed within the time lWhen a person owns more than one house for self-occupation, the law allows up to ___ houses to be treated as sProperties not actually let out but treated as let out beyond the permitted self-occupied limit are:The standard deduction of 30% under Section 24(a) is meant to cover:Where rent includes charges for amenities, the combined receipt is called:Income from a property owned by co-owners with definite shares is:Higher of municipal value and fair rent, subject to standard rent, forms the basis for the:Unrealised rent that is subsequently realised is taxable under house property in the year of:A person who is treated as the owner of a property though not the legal owner is a:Interest on a loan taken for a let-out property is:Gross Annual Value of a let-out property is the higher of expected rent and the:If a self-occupied house was acquired with a loan but construction was not completed within the prescribed perThe annual value of a property held as stock-in-trade and not let out is, for a specified period, taken as:Income from subletting a property by a tenant is taxable under the head:Arrears of rent received are taxable after a deduction of ___ under Section 25A:Rent from a vacant plot of land (with no building) is taxable under the head:Municipal value, fair rent and standard rent are all relevant for computing the: