Income Tax MCQ QUIZ Set – 8 (Income from House Property)

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Income Tax MCQ QUIZ Set – 8 (Income from House Property)

MCQ of Income Tax- income from house property

Income from House Property MCQ with answers

1. In case of rental house property , the municipal tax is deducted which is ….




Answer is A)
paid by owner

2. Deduction from annual value is allowed under income from house property section….?



Answer is B)
sec 24

3. Standard deduction from annual value is allowed as…. ?



Answer is B)
30% of AV

4. The basic charges under income from house property is ……?




Answer is A)
Annual value

 

  5. Income from house property under income tax act, 1961 includes…?




Answer is D)
None of the above

6. Income from house property is exempted for ?



Answer is D)
All of the above

7. Annual value comes u/s …. ?



Answer is C)
sec 23

8. Interest on loan for self occupied house taken before 1st april 1999, will allowed up to…..?



Answer is A)
Rs. 30,000

9. Deduction allowed from annual value are…….?



Answer is D)
All of the above

10. Income from house used for self business…..?



Answer is A)
Nil

11. Annual value of any one palace in possession of a former ruler is…… ?



Answer is C)
Exempt

12. Income from subletting is treated as which of the following…..?



Answer is B)
income from other sources

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. Persons acquiring lease rights for not less than…..years , is deemed to be the owner of such property.



Answer is B)
12

Author
Manturanjan Sa
Founder of 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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