alleryStart learning →Pre-construction interest of Rs 1,50,000 is claimed yearly at:
ARs 30,000
BRs 37,500
CRs 25,000
DRs 50,000
Answer & Solution
Correct answer: A. Rs 30,000
Five equal instalments of 1,50,000 give Rs 30,000 a year.
Keep practising Income from House Property
Browse all Income from House Property questions for CA Inter, or explore more Taxation topics.
Related questions
Two co-owners share a let house equally; annual value Rs 4,00,000, no loan. Each one's incLet-out house: annual value Rs 2,00,000, interest Rs 80,000. Income?House let at Rs 1,50,000 a year against fair rent Rs 1,20,000, no taxes. Income?The 30 per cent deduction under section 24(a) is taken on:Section 24(b) interest applies to a house acquired, built, repaired, renewed or:Section 22 taxes a building together with its appurtenant:Deemed owner of house property is defined in section:Taxation of co-owned buildings with definite shares is under section: