Home

If a self occupied property is converted into HUF property without adequate consideration then

A. Entire income from such property will be clubbed with the income of the transferor

B. 50% of such income will be clubbed

C. Such income will not be clubbed

D. None of the above

You can do it
  1. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  2. For a senior citizen the amount of deduction U/s 80D available is
  3. Which one of the following taxes is not levied by the State Government?
  4. If a self occupied property is converted into HUF property without adequate consideration then
  5. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  6. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  7. Any receipt of casual and non-recurring nature is known as casual income
  8. Income Tax Act 1922 is a "milestone" because
  9. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  10. TDS, in case of salary should be deposited within
  11. House Rent Allowance is exempt from tax
  12. The rates of income tax are specified in
  13. Sec. 234A deals with
  14. A company is considered to be resident if
  15. The first income tax act was introduced in the year
  16. Tax' is imposed on a person by
  17. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  18. Income of a minor will not be clubbed with his/her parent's income if
  19. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  20. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  21. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  22. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  23. The Income Tax Act 1961 came into force on
  24. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  25. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  26. Which of the following income is / are exempt from tax?
  27. Tax on fringe benefit has been introduced from the assessment year
  28. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  29. Expected Rent can be determined in the following way
  30. Contribution to superannuation fund is