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Q. Mr. Ram owns a house property. He lent it to Laxman at ` 10,000 p.m. Laxman sublet it to Mr. Maruti on monthly rent of ` 20,000 p.m. Rental income of Laxman is taxable under the head .

Q. Income accrued outside India and received outside India is taxable in case of.

Q. The value of interest-free concessional loans to employees is determined on the basis of lending rates of for the same purpose.

Q. ……………….of Income Tax Act defines the perquisites and their valuation.

Q. Compensation received on voluntary retirement is given by of Income Tax Act, 1961.

Q. Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of .

Q. The maximum limit for the claim of deduction under salary head Contributions to certain pension funds of LIC or any other insurer is .

Q. The children education allowance, the amount exempted from taxable income is limited to

Q. Income received in India whether occurred in India or outside India, the tax incidence in case of resident but not ordinarily resident is .

Q. Calculate the Gross Annual Value from the following details: Municipal Value ` 45,000 Fair rental value ` 50,000 Standard Rent ` 48,000 Actual Rent ` 42,000