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

A) house for self business
B) farm house income
C) both
D) None of the above

… Answer is D)
None of the above
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A) trade union
B) local authority
C) political party
D) All of the above

… Answer is D)
All of the above
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A) sec 20
B) sec 21
C) sec 23
D) All of the above

… Answer is C)
sec 23
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A) Rs. 30,000
B) Rs. 40,000
C) Rs. 50,000
D) None of the Above

… Answer is A)
Rs. 30,000
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A) Interest on loan for repair
B) statutory deduction
C) interest on loan for construction
D) All of the above

… Answer is D)
All of the above
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A) Nil
B) annual value
C) fair rent
D) municipal value

… Answer is A)
Nil
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A) Taxable
B) Partly taxable
C) Exempt
D) None of the above

… Answer is C)
Exempt
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A) income from house property
B) income from other sources
C) income from capital gains
D) None of the above

… Answer is B)
income from other sources
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A) Co-owner of a property
B) Holder of an importable estate
C) None of this
D) All of the above

… Answer is A)
Co-owner of a property
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A) Standard rent
B) Average rent
C) Actual rent
D) None of the Above

… Answer is c)
Actual rent
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A) 21
B) 12
C) 31
D) 13

… Answer is B)
12
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