alleryStart learning →House let at Rs 1,50,000 a year against fair rent Rs 1,20,000, no taxes. Income?
ARs 1,05,000
BRs 1,20,000
CRs 1,50,000
DRs 84,000
Answer & Solution
Correct answer: A. Rs 1,05,000
Annual value is the higher actual rent of 1,50,000, less 30 per cent (45,000), giving Rs 1,05,000.
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?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:Deductions from income from house property are provided in section: