Income from House Property – Test 2

Interest on borrowed capital relating to the period, prior to the year of completion of construction is

Aman borrowed a loan of Rs.10,00,000 @10% per annum on 01.04.2016, which was completed on March 31st, 2018. The deduction allowable for interest on loan in case of self-occupied property would be

Raman borrowed a loan of Rs.10,00,000 @ 10% per annum on 1.4.2016, which was completed on March 31st, 2018. The deduction allowable for pre-construction interest on loan in case of self-occupied property would be

Saarthak borrowed a loan of Rs.10,00,000 @ 10% per annum on 1.4.201. He was unable to pay the interest on such loan in FY 2017-18. due to which an additional amount of Rs.10,000 was charged as interest in FY 2018-19, in addition to the interest of Rs.1,00,000. The deduction allowable for interest on loan in case of self-occupied property would be

Sahil borrowed a loan of Rs.20,00,000 @ 10% per annum on 1.4.2016, which was completed on June 30th, 2016. Later on, her took a loan for the same amount which was used to repay the original loan. In such a case he shall be allowed deduction for ___ of interest payable on the new loan.

Sahil borrowed a loan of Rs. @20,00,000 @ 10% per annum on 1.4.2018, on which he paid a brokerage of Rs.10,000 for arranging loan. In such a case he shall be allowed deduction for FY 2018-19 of interest on loan for self-occupied property amounting to _______

The deduction allowed u/s 24 from the Net Annual Value are _____

Shyam received Rs.45,000 as arrears of rent from his tenant in August 2018, for the property which he had sold to Ram in January 2018. Compute the amount of rent chargeable to tax in the hands of Shyam during A.Y.2019-20, as per section 25A, under the head “Income from House Property’?

Any amount paid for brokerage or commission for arrangement of loan ________ be allowed as deduction in computing Income from House Property ?

The Fair Rent & Municipal Value of a house property is Rs.2,00,000 & Rs.2,20,000 respectively. The Standard Rent on the same house property is Rs.2,10,000. What will the Expected Rent ?

Gajju and Raju and co-owners of a self-occupied property.They own 50% share each in such property. The interest paid by each co-owner during the previous year on loan (taken for acquisition of property during the year 2017) is Rs.2,05,000. The total amount allowable as a deduction to co-owners is

A owners a house property for which municipal value is Rs.1,50,000, fair rent is Rs.1,90,000. A received a rent of Rs.20,000 p.m. and paid Municipal tax of Rs.20,000. What will be the Gross Annual Value of the property ?

A owns a house property for which Municipal Value is Rs.1,50,000, Fair rent is Rs.1,90,000 and Standard Rent is Rs.2,00,000. A received rent of Rs.20,000 p.m. and paid Municipal tax of Rs.20,000. What will be the Net Annual Value of the property ?

If an assessee is having more than one house for self-occupation, then

The benefit of exemption of one self=occupied house is available to

The deduction available for calculating Net Annual Value are covered under __________

The Annual Value can be negative only when the ________ is more than the

Saarthak has only one house which has Expected Rent of Rs.2,40,000 per annum. However, he has been using such house for the purpose of his own residence. In such a case the Gross Annual Value of such house would be

Samridhi has only one house in Delhi which has an expected rent of Rs.2,40,000 per annum. However due to her job, she had to move to Mumbai where she is living in a rented property. The Delhi house is laying vacant. In such a case the Gross Annual Value of such house would be

Ritu is engaged in the business of fashion designing, and she has only one house in Delhi which has an expected rent of Rs.3,60,000 per annum. However due to high demand of fashion apparels in Bangalore, she moved to that city where she is living in a rented property. The Delhi house is laying vacant. In such a case the Net Annual Value of such house would be (assume there are not Municipal taxes)

Ritu is engaged in the business of fashion designing, and she has only one house in Delhi which has an expected rent of Rs.4,80,000 per annum. However due to high demand of fashion Apparels in Bangalore, she moved to that city where she is living in a rented property. The Delhi house has been given on rent of 2,40,000 per annum to her sister. In such a case the benefit of one self-occupied property, being the Delhi property, having a nil value

Neetu is engaged in the business of fashion designing, and she has a house in Delhi which has an expected rent of Rs.3,60,000 per annum. However due to high demand of fashion Apparels in Bangalore, she moved to that city where she bought another house. In such a case the benefit of one self-occupied property being considered as having nil value can be considered for

If a taxpayer has more than one property which are not let our during the relevant previous year, he has an option to choose one of the property. Such an option

A has  more than one property which are not let our during the relevant previous year. He has an option to choose one of the property as self occupied property. In such a case, the value of all other properties would be computed as if they have been

Geetika is engaged in the business of fashion designing, and she has only one house in Delhi which has an expected rent of Rs.3,60,000 per annum. In such a case, the standard deduction available while computing income from house property would be

Ram owns a property, part of which is self-occupied and other part is let out. For the purpose of computation of income under the house property, such property shall be

Shyam owns a property half of which is self-occupied  and the other part is let out. He has paid a Municipal rent of Rs.10,00,000 during the current year in respect of the entire property. In such a case the amount of Municipal Rent attributable to the let out portion shall be

Mohan is engaged in the business of construction of property. He constructed residential house for the purpose of sale which was constructed on 12.1.2017. The completion certificate of such house was obtained on 15.12.2018. In such a case, the annual value of the house, assuming it is held as a stock-in-trade for FY 2019-20 shall be (assume that the expected rent from such property is Rs,4,00,000)______

The standard deduction shall be _____ in respect of unrealised rent.

Which of the following Section of the Income Tax Act, 1961 charge tax on income from house property ?