Rani received rent from a House Property in Rural Area ₹20,000 p.m. This Rent is taxable under the head of:

Official answer key: (A), (B), (D). Official source note: The question is silent whether the rural house property is situated on agriculture land or not. Option D is correct if the house property is situated on agriculture land in rural area. Option A is correct if the house property is situated on non-agriculture land and if Ms. Rani is in the business of let out of property. Option B is correct if the house property is situated on non- agriculture land and if Ms. Rani is not in the business of let out of property.