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The amount of interest on borrowed capital allowable as deduction in case of a let out property is

A. The actual amount of interest

B. Rs.30,000

C. Rs 30,000 or Actual amount which ever is lower

D. Rs.1,50,000

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  1. PAN is necessary for the following assessees -
  2. The Income Tax Act 1961 came into force on
  3. No interest is available if the amount of refund of income tax paid is less than
  4. Expected Rent can be determined in the following way
  5. If a self occupied property is converted into HUF property without adequate consideration then
  6. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
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  10. The apex body of Income Tax Department. is
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  12. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  13. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  14. Tax' is imposed on a person by
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  16. The first income tax act was introduced in the year
  17. TDS, in case of salary should be deposited within
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  26. The CBDT consists of
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  28. Every employer should pay fringe benefit tax within
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  30. The rates of Income Tax are specified in