House owned by Suresh was sold on 1st January, 2019 and till the date of sale, the house was on rent of ₹7,000 p.m. The other relevant details of this house are (i) municipal value ₹72,000 p.a. (ii) fair rent ₹66,000 p.a
CS Executive · Tax Laws · PYQS · December 2019
House owned by Suresh was sold on 1st January, 2019 and till the date of sale, the house was on rent of ₹7,000 p.m. The other relevant details of this house are (i) municipal value ₹72,000 p.a. (ii) fair rent ₹66,000 p.a. and standard rent ₹60,000 p.a. The income chargeable under the head House Property in A.Y. 2019-20 of this house shall be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act, 1961
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