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16. The net annual value of the house let out is ` 1,00,000 and the actual amount spent by the assessee on repairs and insurance premium is ` 20,000. The amount of deduction allowed under Section 24(a) shall be___________.
35,000
45,000
30,000
25,000
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17. Rent from House Property let out by an assessee to his employees when such letting is incidental to his main business will be chargeable to tax under head_________________.
Profit and Gain from Business and Profession
Income from Capital Gain
Income from House Property
All of the above
18. When the annual value of one-self occupied house is nil, the assesses will be entitled to the standard deduction of_______________.
10%
20%
Nil
None of the above
19. The gross annual value shall be higher of__________________
Expected rent
Actual rent received or receivable
20. Income from property held under trust for charitable or religious purposes is_______________.
Exempted from tax
Taxable @ 10%
Taxable @ 20%
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