Income-tax and Corporate Tax Planning - Income Tax and Corporate Tax Planning Section 2

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46. The following conditions must be satisfied to charge the rental income under the head Income of House Property:

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

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48. An individual who transfers house property without adequate consideration to his owner spouse or to a minor child is called as____________.

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49. An individual is considered as an owner of the house property for the purpose of charging tax to_______________.

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50. The rental income of a person who is a resident of Ladakh is_______________________taxable under Income from House Property.

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