
house property
Authored by Bhanu Rautela
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Professional Development
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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