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Higher Study | Income Tax | Heads of Income

From the following information, compute the taxable amount of HRA for one month of Naresh who resides in Kanpur: (i) Salary per month Rs. 6,000 (ii) HRA received per month Rs. 500 (iii) Rent paid per month Rs. 900
Which of the following income is generally chargeable under the head of income from other sources? (A) Income from subletting house property (B) Director fee (C) Ground Rent (D) Agricultural Income from outside India (E) Insurance commission (F) Income from sale of securities Choose the most appropriate answer from the options given below:
Sequence the steps for computing gross annual value of income from house property: (A) Find out the rent actually received or receivable after excluding unrealised rent before deducting loss due to vacancy. (B) Find out the loss because of vacancy. (C) Find out the reasonable expected rent of the property. (D) Find out which one is the higher amount computed in (C) or (A). (E) (D) - (B) is gross annual value Choose the correct answer from the options given below:
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