MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
If the assesses let out the building or staff quarters to the employee of |
| A. | business |
| B. | house property |
| C. | other sources |
| D. | none of the above |
| Answer» D. none of the above | |
| 2. |
Rent from House Property let out by an assessee to his employees when |
| A. | profit and gain from business and profession |
| B. | income from capital gain |
| C. | income from house property |
| D. | all of the above |
| Answer» B. income from capital gain | |
| 3. |
When the portion of the house is self-occupied for the full year and portion |
| A. | the full annual value of the house the proportionate annual value of selfoccupied portion for the whole year shall be deducted |
| B. | its present standard value |
| C. | all of the above |
| D. | none of the above |
| Answer» B. its present standard value | |
| 4. |
The net annual value of house let out is ` 1,00,000 and actual amount spent |
| A. | ` 35,000 |
| B. | ` 45,000 |
| C. | ` 30,000 |
| D. | ` 25,000 |
| Answer» D. ` 25,000 | |
| 5. |
Mr. Ram owns a house property. He lent it to Laxman at ` 10,000 p.m. |
| A. | income from salary |
| B. | income from other sources |
| C. | income from house property |
| D. | income from business |
| Answer» C. income from house property | |
| 6. |
Mr. Shushant is the owner of a house, the details of which are given below |
| A. | ` 36,000 |
| B. | 35,000 |
| C. | ` 30,000 |
| D. | ` 40,000 |
| Answer» B. 35,000 | |
| 7. |
,000 as local taxes during the year. He uses this house for his residential |
| A. | 15,000 |
| B. | ` 16,000 |
| C. | ` 17,000 |
| D. | ` 18,000 |
| Answer» C. ` 17,000 | |
| 8. |
Calculate the Gross Annual Value from the following details: Municipal |
| A. | ` 50,000 |
| B. | 48,000 |
| C. | ` 45,000 |
| D. | 42,000 |
| Answer» C. ` 45,000 | |
| 9. |
As per Income Tax Act, 1961, income tax is charged on the income of |
| A. | current year |
| B. | one year before previous year |
| C. | previous year |
| D. | none of the above |
| Answer» D. none of the above | |