Mr. Pankaj, a salaried employee, has taken a house on rent of ₹12,000 p.m. which was sub-let by him for ₹15,000 p.m. He has incurred miscellaneous expenses in relation to sub-let of the house of ₹1,000. How much income f
CS Executive · Tax Laws and Practice · PYQS · June 2018
Mr. Pankaj, a salaried employee, has taken a house on rent of ₹12,000 p.m. which was sub-let by him for ₹15,000 p.m. He has incurred miscellaneous expenses in relation to sub-let of the house of ₹1,000. How much income from the sub-letting of house shall be taxable in the A.Y. 2018-19 where the house was taken on rent and also sub-let by him from 1st April, 2017 onwards:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax
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