Income From Property Chapter- 08
(b) Fair market value of rent
(c) none of theseQ. 16 Where the employee or his / her spouse is the owner of the building and that building has been
provided by the employer against the entitlement of the rent free accommodation then it has
____.
(a) One effect
(b) two effects
(c) no effect
Q. 17 Obligation of the owner paid by the tenant included in the property income of the ___ in the
respective tax year, where the same is as per terms of rent deed.
(a) Owner of the property
(b) Tenant
(c) None of these
Q. 18 Property income received by subletting of property by the tenant is taxable under__.
(a) Property income
(b) Income from other sources
(c) FTRQ. 19 If portion of the rent and utilities cannot be segregated from each other then expenses incurred for
provision of utilities shall
(a) Be deducted from rent
(b) not be deducted from rent
Q. 20 The property income (after allowable deductions u/s 15A) of a small company is taxable @
__.
(a) 35%
(b) 20 %
(c) 29 %
Q. 21 The amount received for utilities is taxable under the head _____, only if separable.
(a) Income from property
(b) Income from other sources
(c) Income from businessQ. 22 The repair charges and insurance premium paid by a individual shall be____
against rent chargeable to tax under NTR.
(a) allowed as deduction
(b) not allowed
(c) 1/ 5 th is allowed
(d) none of the above
Q. 23 The amount received for utilities is taxable under the head income from __.
(a) salary
(b) property
(c) other sources
(d) business