house property

which is the mandatory condition for charging of income under house property

• assessee should be owner of property

• property not used for any business

• property should be building or lands appurtunent thereto

• all of the above

what are the situations for deemed owner for house property

• transferee being spouse without adequate consideration

• holder of impartible estate

• property held by member of co-operative society

• all of the above

which section of the I.T.Act relates to the computation of annual value of house property

• section 22

• section 23

• section 24

• none of the above

which deduction is not related to deductions allowable u/s 24

• standard deduction @30%

• interest upto Rs.2 lac on borrowed capital

• municipal taxes

• none of the above

which deduction is allowable u/s 24

• interest payable on borrowed capital

• interest paid on borrowed capital

• principal and interest payable on borrowed capital

• none of the above

for claiming deduction of interest of Rs.2 lac u/s 24 (b)..the construction should be completed in ..... years of the end of financial year in which loan has been sanctioned.

• 3 years

• 4 years

• 5 years

• 6 years

total interest upto the end of previous financial year in which construction has been completed is to be set off in --- installments

• 4

• 5

• 6

• 7

house property loss not set off in the current year can be carried forward to -- years

• 4

• 6

• 8

• can't be carried forward

what are the conditions for exclusion of un-relaised rent

• tenancy is bonafide

• defaulting tenant has vacated property and not occupying any other property

• assessee has taken legal steps to effect recovery

• all of the above

if the assessee has more than 4 houses then the assessee can claim -- houses for residential purposes and the remaining to be treated as let out

• 1

• 2

• 3

• none of the above