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Q. ……………….of Income Tax Act is related to residential status.

Q. Value of rent-free accommodation in case of Government employee shall be taxable up to

Q. Mr. R owns a house. The Municipal value of the house is ` 50,000. He paid ` 8,000 as local taxes during the year. He uses this house for his residential purposes but lets out half of the house @ ` 3,000 p.m. The annual value of the house is.

Q. The salary of Member of Parliament is taxable under the head .

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. Which of the following is not a case of deemed ownership of house property?

Q. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible up to a maximum amount of .

Q. Any commission due or received by a partner of a firm from the firm shall not be regarded as salary income under .

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

Q. The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.