Mr. Shiva gifted a let-out building which fetches rental income of ₹ 10,500 per month to his son's wife on 1-11-2016. The municipal tax of ₹ 6,000 on the property was paid on 10-1-2017. The total income from all other so
CS Executive · Tax Laws and Practice · PYQS · June 2017
Mr. Shiva gifted a let-out building which fetches rental income of ₹ 10,500 per month to his son's wife on 1-11-2016. The municipal tax of ₹ 6,000 on the property was paid on 10-1-2017. The total income from all other sources (computed) amounts to ₹ 2,60,000 except income from above said property. His total income chargeable to tax is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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