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Q. One who is liable to pay the income tax__________________

Q. Interest on borrowed capital accrued up to the end of the previous year to prior to the year of competition of construction is allowed__________

Q. A new business was set up on 15-11-2017 and it commences its business from 1-12-2017. The first previous year in this case shall be _______________________

Q. Municipal valuation of the house is Rs.1,20,000, fair rent 1,40,000, standard rent Rs.1,30,000 and actual rent received or receivable is Rs.1,25, 000.The gross annual value in this case shall be ______

Q. A has two house properties. Both are self-occupied. The annual value of _________

Q. Shivaji University is assessable under the Income Tax Act as _______________.

Q. Residential status is to be determined for ____________

Q. M.claimed the exemption of gratuity in the past to the extent of Rs.2,50,000.He was entitled to the gratuity from the present employer amounting to Rs.2,00,000 in the previous year 2017-18. M can claim exemption to the maximum extent of ___________

Q. Following will be taxable as income from house property_______-

Q. M is entitled to children education allowance @80 p.m per child for 3 children amounting Rs.240p.m. It will be exempt to the extent of ___________