Income From Property Chapter- 08
Q. 24 1/10th of any amount of advance received by the owner as advance ____ against rent is included
in rent chargeable to tax.
(a) adjustable
(b) not adjustable
(c) payable
(d) receivable
Q. 25 Security received as an advance is ____ against rent.
(a) adjustable
(b) not adjustable
(c) payable
(d) receivableQ. 26 Amount received by tenant for vacating the possession, less amount already paid is chargeable to tax
under the head Income from ____.
(a) salary
(b) property
(c) other sources
(d) business
Q. 27 If the employee owned property after renting out to employer has been given to the employee for
accommodation then in such case the actual rent shall be taxable in the hands of employee without
comparing it with the ____.
(a) FMV
(b) market value
(c) cost of asset
(d) none of the above
Q. 28 Rent chargeable to tax includes __.
(a) amount forfeited under an agreement for sale of property
(b) accommodation allowance received from employer
(c) ground rent
(d) none of aboveQ. 29 Rent ____ is taxable against property income.
(a) received
(b) receivable
(c) payable
(d) both ‘a’ and ‘b’Q. 30 Ground rent is chargeable to tax under the head “income from _____”.
(a) other sources
(b) salary
(c) property
(d) businessQ. 31 Amount received from vacating possession is charged to tax in ten years in ___ proportion.
(a) equal