Webrental income received by a tenant from sub-letting cannot be charged to tax under the head ^Income from house property. Such income is taxable under the head ^Income from other sources _ or profits and gains from business or profession, as the case may be. iv) Rental income from a shop Rental income from a property, being building or land ... WebCapital gain arising on transfer of property situated in India. Income from business connection in India. Dividend paid by an Indian company. Income from any property, asset or other source of income located in India. EXERCISES Mr. Rajan left India for the first time on 15th December 2024 and returned back to India on 2nd February 2024 ...
Solved: I sold a piece of land, a vacant lot, and received ... - Intuit
WebExpert Answer. Income from House Property for AY 2024-22 = (25,000*12) - 30% = 300,000 - 30% = Rs.210,000 Particulars Calculati …. 43. Mr. Aarav gifted a house property valued at 50 lakhs to his wife, Geetha, who in turn has gifted the same to her daughter-in-law Deepa. The house was let out at 25,000 per month throughout the P.Y.2024-21. WebApr 1, 2024 · Income From House Property Solved Problems Pdf, as one of the most operational ... Solved Illustrations and Questions for exercise are largest in number in … greatest hits 1969–1999
Income Under the Head Salaries Problems and Solutions
WebQuestion: The duty of a trustee to derive income from the trust property for the benefit and support of the beneficiaries is called the: 1. duty to produce income. 2. duty to make … WebJan 1, 2024 · The answer to this is that tax on house property is not on actual rent but on inherent capacity of building to generate income. In other words, how much rent the property can fetch. Through Gross Annual Value, taxable income from house property is calculated. WebApr 14, 2024 · Ans: Computation of Income under the salaries of Mr. X for the AY 2013 - 14 2016 (New Course) Q.N.6. From the following information of Mr. Ashok, compute his taxable income for the assessment year, 2015-16: 14 a) Basic salary @ Rs. 20,000 p.m. b) Arrears of salary Rs. 10,000. c) Dearness allowance @ Rs. 8,000 p.m. greatest hits 1970–2002