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