House Property

Question 0

Section 23

Answer 0

Determination of Annual value

Question 1

Section 22

Answer 1

Chargeable section house property

Question 2

Section 23(1)

Answer 2

Treatment of unrealised rent

Question 4

Section 23(1)(a)/(b)

Answer 4

House property is let out throughout the previous year

Question 5

Section 23(1)(c)

Answer 5

Let out house property is vacant for part of the year

Question 6

Section 23(2)

Answer 6

In case of self occupied property or un occupied property

Question 7

Section 23(3)

Answer 7

Where house property is let out for part of the year and self occupied for part of the year

Question 8

Section 23(4)

Answer 8

Deemed to be a let out property

Question 9

Section 24

Answer 9

Deduction from annual value

Question 10

Section 24(a)

Answer 10

Standard deduction 30%

Question 11

Section 24(b)

Answer 11

Interest on borrowed capital in case of house property is allowed as deduction

Question 12

Section 25

Answer 12

Inadmissible deduction

Question 13

Section 25AA

Answer 13

Unrealised rent when realised is taxed

Question 14

Section 25B

Answer 14

Arrears of rent

Question 15

Section 26

Answer 15

Treatment of income from co-owned Property

Question 16

Section 27

Answer 16

Deemed ownership

Question 17

Section 27(i)

Answer 17

Transfer to a spouse , Transfer to a minor child

Question 18

Section 27(ii)

Answer 18

Holder of an impartible estate

Question 19

Section 27(iii)

Answer 19

Member of a cooperative society

Question 20

Section 27(iiia)

Answer 20

Person in possession of a property

Question 21

Section 27(iiib)

Answer 21

Person having right in property for a period not less then 12 years

Question 22

Section 10(1)

Answer 22

Income from any forming part of agricultural income exempt

Question 23

Cases where income from house property is exempt from tax

Answer 23

10(1) Income from any farm house forming part of agricultural income.

10(19A) Annual value of any one palace in the occupation of an ex-ruler.

10(20)Income from house property of a local authority.

10(21) Income from house property of an approved scientific research association.

10(23C) Property income of universities, educational institutions, etc.

10(24) Property income of any registered trade union.

11 Income from house property held for charitable or religious purpose.

13A Property income of any political party.

22 Property used for own business or profession

23(2) One self-occupied property of an individual/HUF