Home › CA Inter › taxation › Income from House Property › The annual value of a property held as stock-in-…
The annual value of a property held as stock-in-trade and not let out is, for a specified period, taken as:
Athe municipal value
Bnil
Cthe market rent
D30% of cost
Answer & Solution
Correct answer: B. nil
Unsold stock-in-trade property has nil annual value for a specified period.
Related questions
Municipal value, fair rent and standard rent are all relevant for computing the:Rent from a vacant plot of land (with no building) is taxable under the head:Arrears of rent received are taxable after a deduction of ___ under Section 25A:Income from subletting a property by a tenant is taxable under the head:If a self-occupied house was acquired with a loan but construction was not completed withiGross Annual Value of a let-out property is the higher of expected rent and the:Interest on a loan taken for a let-out property is:A person who is treated as the owner of a property though not the legal owner is a: