Top 50+ Solved INCOME FROM HOUSE PROPERTY MCQ Questions Answer
Q. When annual value of one-self occupied house is nil, the assesses will beentitled to the standard deduction of .
a. 10%
b. 20%
c. nil
d. none of the above
Q. Gross annual value shall be higher of .
a. expected rent
b. actual rent received or receivable
c. all of the above
d. none of the above
Q. Income from property held under trust for charitable or religious purposesis .
a. exempted from tax
b. taxable @ 10%
c. taxable @ 20%
d. none of the above
Q. For computation of Gross Annual Value, if actual rent is more thanexpected rent, then we select the .
a. actual rent
b. expected rent
c. any of the above
d. none of the above