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
Also Read Income Tax MCQ / Multiple Choice Questions on Taxation with Answers :
- Income Tax MCQ QUIZ Set-1 (Basic Concept)
- Income Tax MCQ QUIZ Set-2 (Income from Salary)
- Income Tax MCQ QUIZ Set – 3 (Income from Salary)
- Income Tax MCQ QUIZ Set – 4 (Income from salary)
- Income Tax MCQ QUIZ Set – 5 (Income from Salary)
- Income Tax MCQ QUIZ Set – 6 (Income from House Property)
- Income Tax MCQ QUIZ Set – 7 (Income from House Property)
- Income Tax MCQ QUIZ Set – 8 (Income from House Property)
- Income Tax MCQ QUIZ Set – 9 (Profits and Gains from Business or Profession)
- Income Tax MCQ QUIZ Set – 10 (Profits and Gains from Business or Profession)
- Income Tax MCQ QUIZ Set – 11 (Income from Capital Gains)
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