Test Preparation on CA Intermediate Income Tax Law Test series-5

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

For claiming the deduction for unrealized rent, the assessee must satisfy ……………..

Rule 4 includes ………………………….

The tax paid by the tenant is ……………………

If the house remains vacant for the whole year, the annual value will be …………..