Income from House Property Quiz
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Questions and Answers

What is the maximum limit for the deduction of interest on a self-occupied house property?

  • Rs. 2,00,000 (correct)
  • Rs. 1,50,000
  • Rs. 3,00,000
  • Rs. 2,50,000

    • What is the standard deduction allowed on income from house property?

  • 25% of the annual value
  • 30% of the annual value (correct)
  • 20% of the annual value
  • 35% of the annual value

    • What is the treatment of unrealized rent in the computation of income from house property?

  • It is considered as notional income (correct)
  • It is not considered for taxation
  • It is considered as actual income
  • It is considered as deemed rent

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