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

Q. The following is not taxable as income under the head “Salaries”:

Q. The way of tax liability by taking full advantage provided by the Act is .

Q. Mr. A, partner of M/s ABC, is assessable as .

Q. …………. is exempted from income tax.

Q. Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is .

Q. The assesses can claim relief under…………….for arrears or advance salary.

Q. The death-c um-retirement gratuity received by the Government Employee or employee of the local authority is.

Q. Agricultural income is completely exempted for assessment year