Tax Book 2023

Income From Property Chapter- 08

(b) unequal

(c) none of above

Q. 32 Share of each person is taxable as ___ in case of property in co ownership.

(a) FTR

(b) NTR

(c) SBI under NTR

(d) all of above

Q. 33 Rent chargeable to tax is _____ actual rent or FMR plus 1/10th of non adjustable advance.

(a) equal to

(b) higher of

(c) lower of

(d) none of above

Q. 34 Any forfeited deposit received under a contract of sale of property by the owner of such property is
taxable under the head “income from ___”.
(a) property
(b) other sources
(c) salary
(d) business

Q. 35 Income from any rent from agricultural building derived will be treated as income from __.

(a) property

(b) other sources

(c) agricultural income

(d) none of above

ANSWERS

1 (c) 2 (a) 3 (c) 4 (a) 5 (b)

6 (d) 7 (b) 8 (d) 9 (d) 10 (d)

11 (c) 12 (d) 13 (c) 14 (a) 15 (c)

16 (b) 17 (a) 18 (b) 19 (a) 20 (b)

21 (b) 22 (c) 23 (c) 24 (b) 25 (b)

26 (c) 27 (a) 28 (a) 29 (d) 30 (a)

31 (a) 32 (b) 33 (b) 34 (a) 35 (c)