Rajendra a non-resident Indian in the previous year 2018-19 was in receipt of rent of house property located in Dubai of ₹27,50,000. The amount of rent was transferred and credited in the bank account of Rajendra maintai
CS Executive · Tax Laws · PYQS · December 2019
Rajendra a non-resident Indian in the previous year 2018-19 was in receipt of rent of house property located in Dubai of ₹27,50,000. The amount of rent was transferred and credited in the bank account of Rajendra maintained with SBI, Vadodara by the tenant quarterly. The Annual Letting Value (ALV) of the house located in Dubai subject to tax under the head Income from house property in A.Y. 2019-20 shall be __________ .
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B), (C). Official source note: Both options B/C are correct. The question is not clear as to compute the net annual value of the house property or the Income chargeable to tax under the head house property. Option B is correct (Income taxable under the head house property) . Options C is correct (Net Annual Value).
Topics: Income Tax Act, 1961
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