Income From Property Chapter- 08
(c) Rs.100,000
(d) Rs. 60 0,000
(e) None of theseQ. 9 Income tax is charged @ __ of rent chargeable to tax (after admissible deductions u/s 15A)
till Rs. 400,000 received by a Company (other than a small company).
(a) 0 %
(b) 5%
(c) 7%
(d) 29 %
(e) none of the above
Q. 10 Deduction for__is allowed to a company while computing income under the head property.
(a) 1/5th repair allowance
(b) Insurance premium for property damage
(c) Property tax for property
(d) All of the aboveQ. 11 If tax at source has been deducted or not from rent received even then the rent received shall taxable
under_____ for a company.
(a) FTR
(b) NTR
(c) Separate block of income
(d) None of above
Q. 12 ____of the forfeited deposit against sale of property is included in the rent chargeable to
tax.
(a) 25%
(b) 50%
(c) 75%
(d) 100%
Q. 13 The rent of the building let out together with the plant and machinery installed therein is taxable under
____.
(a) Property income
(b) Business income
(c) Income from other sources
Q. 14 Legal charges paid by the owner (company) of property are allowed as deduction against property
income under____.
(a) NTR
(b) FTR
(c) Not allowed
(d) all of these
Q. 15 In case where the property is hired by the employee and rent is payable by the employer then
_____ shall be included in the salary income of the employee.
(a) Actual rent