Expected Rent can be determined in the following way

A. Higher of Municipal Value & Fair Rent

B. Lower of Municipal Value & Fair Rent

C. Higher of Municipal Value & Fair Rent subject to maximum of Standard Rent

D. Any of the above

You can do it
  1. The first income tax act was introduced in the year
  2. A company is considered to be resident if
  3. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  4. Tax on fringe benefit has been introduced from the assessment year
  5. PAN is necessary for the following assessees -
  6. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  7. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  8. TDS, in case of salary should be deposited within
  9. Expected Rent can be determined in the following way
  10. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  11. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  12. Income of a minor will not be clubbed with his/her parent's income if
  13. Sec. 234A deals with
  14. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  15. Uncommuted pension received by a Government employee is fully exempt from tax.
  16. The CBDT consists of
  17. Which of the following income is / are exempt from tax?
  18. Assessment year 2006-07 commenced on
  19. According to Section 2(7) of Income Tax Act "Assessee" means
  20. The Income Tax Act 1961 came into force on
  21. The rates of income tax are specified in
  22. The Income Tax Act, which is still in force in India, was enforced in
  23. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  24. The income of previous year of an assessee is taxed during the following assessment year
  25. The apex body of Income Tax Department. is
  26. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  27. Any receipt of casual and non-recurring nature is known as casual income
  28. Contribution to superannuation fund is
  29. Which one of the following taxes is not levied by the State Government?
  30. The TDS Certificate issued by an employer to his employees in case of salary income is