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Commerce · Q600

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 600

Q600

Mr. Ram owns a house property. He lent it to Laxman at Rs. 10,000 p.m. Laxman sublet it to Mr. Maruti on monthly rent of Rs. 20,000 p.m. Rental income of Ram is taxable under the head:

A.
Income from Salary
B.
Income from Other Sources
C.
Income from House Property
Answer
D.
Income from Business

Answer: Option C

Solution

Answer: Option C
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