alleryStart learning →Who is the deemed owner of a flat allotted under a society housing scheme?
AThe local authority
BThe builder of flats
CThe allottee member
DThe society chairman
Answer & Solution
Correct answer: C. The allottee member
A member to whom a building or part is allotted under a house building scheme is deemed owner of it.
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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: