Income from house Property

Income from House Property

• Sec.22

• sec.22 to sec.27

• sec.27

• none of them

deduction under section-24

• house property

• salary

• other sources

• capital gain

Assessee must be the owner of house property ( under income from house property)

• true

• false

House property can be used as ............. by the owner of the property

• self-occupied

• let-out

• self-occupied & Let out

Income from House Property is not charged to tax?

• Income from farm house u/s 10(1)

• Property held for charitable purposes u/s 11

• House property used for own business / profession

• all of the above

more then one house used for self-occupied purpose , in the situation only one house will be treated as self-occupied

• True

• False

house used for self business purpose by assesses will not be taxable under income from house property .

• true

• false

if house is used for self-occupied purpose then only interest on loan u/s 24 is allowed as deduction

• true

• false

loss from self-occupied house (if any) under income from house property, can be set-off from income from let-out house property .

• Yes

• No

• loss cant be set-off

There is no limit of interest u/s 24 if house is let out

• true

• false