Under which section is the annual value of a property determined?
ASection 26
BSection 22
CSection 23
DSection 24
Answer & Solution
Correct answer: C. Section 23
Section 23 deals with how annual value is determined, while section 22 is the charging section.
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: