Income Tax MCQ QUIZ Set – 7 (Income from House Property)

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Income Tax MCQ QUIZ Set – 7 (Income from House Property)

MCQ of income from house property- Income Tax

Income from house property MCQ with answers

1. The balance of unabsorbed loss from House property can be carry forward to a maximum of…… ?




Answer is A)
7

2. Rent from vacant plot of land is assessible under the head….?



Answer is C)
Income from Other Source

3. An individual who transfers HP without an adequate consideration to his owner, spouse or minor child is called as…. ?



Answer is B)
Deemed Owner

4. If an individual let out the building or staff quarters to the employee of business, the rent collected comes under ……?




Answer is A)
Income from Other Sources

 

  5. The Gross annual value of the property is depends upon the….?




Answer is D)
All of the above

6. If an assesses earns rent from a sub-tenant in respect to tenanted property let out as a residence, such rent is called as ?



Answer is C)
Taxable as income from other sources

7. Deduction allowed from annual value is …. ?



Answer is D)
All of the above

8. Rent received by original tenant from sub-tenant is taxable under the head of……?



Answer is A)
Income from Other Sources

9. Income from house property held under trust for charitable or religious purposes is…….?



Answer is C)
Exempted from tax

 

 

10. Subletting is assessible under the head…..?



Answer is A)
Income from Other Source

11. Foreign house property’s income is taxable in the case of ?



Answer is C)
Ordinarily Resident

12. In case of disputed ownership, income from House Property is chargeable in the hands…..?



Answer is A)
Recipient of income

13. which is not a case of deemed ownership of house property ?



Answer is A)
Co-owner of a property

14. If fair rent is not gives, then ….. will be assume as fair rent.



Answer is c)
Actual rent

15. Deduction from annual value is comes under…..



Answer is A)
Sec 24

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Manturanjan Sa
Founder of  this Blog Income TaxPe . Professionally a Lecturer, by passion a Writer, Dancer, lyricist. fitness lover. Also a social worker co-founder of Kartabya Foundation & Digital Entrepreneur.

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