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:

Nirav's house is 40 m south of Akash's house. Daksh's house is to the east of Akash's house in a straight line at a distance of X m. Prakash's house if to the west of Akash's house in a straight line at a distance of Y m. If the shortest distance between Prakash's house and Nirav's house is 50 m and the shortest distance between Daksh's house and Nirav's house is also 50 m, then what is the distance between Prakash's house and Daksh's house?

A

40 m

B

30 m

C

60 m

D

80 m

Ajay, Sunil, Krishna and Sumit are good friends. They rent a house together at Rs. 15,000 per month. Ajay lives in this house for only 15 days in a month. Krishna and Sumit are also working and they decide to jointly contribute Rs. 10,000 as their share of the rent. Sunil lives in the house for the whole month. If Ajay and Sunil decide to contribute to the rent based on the number of days they live in the house, what would be the share of rent paid by Ajay, Sunil, Sumit and Krishna respectively?

A

\(\frac{1}{3}, \frac{1}{3}, \frac{1}{4}, \frac{1}{4}\)

B

\(\frac{1}{9}, \frac{1}{3}, \frac{1}{3}, \frac{2}{9}\)

C

\(\frac{1}{9}, \frac{2}{9}, \frac{1}{3}, \frac{1}{3}\)

D

\(\frac{1}{3}, \frac{1}{3}, \frac{1}{9}, \frac{2}{3}\)

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:

A

(C), (A), (D), (B), (E)

B

(A), (D), (C), (B), (E)

C

(D), (A), (C), (B), (E)

D

(A), (B), (C), (D), (E)

A', on 9^th January, 2015 agrees to sell his immovable property to 'R' and out of the total sale consideration of Rs. 3,00,000/- receives a sum of Rs. 1,00,000/- from 'B' as advance payment and agrees to vacate the property and handover vacant peaceful physical possession thereof to 'B' and to execute the Sale Deed of the property in favour of 'B' on receipt of balance sale 'consideration' on or before 9^th July, 2015. 'A' fails to vacate the property or to execute the Sale Deed or to deliver possession of the property to 'B'. 'B' after waiting patiently till 31^st January, 2016, on 1^st February, 2016 got issued a legal notice to 'A' to take the balance sale consideration and execute the Sale Deed and deliver vacant peaceful physical possession. 'A' vide his reply received by 'B' on 17^th February, 2016 denies the agreement. The limitation of three years available to 'B' for instituting a suit for specific performance is:

A

With effect from 9^th January, 2015

B

With effect from 9^th July, 2015

C

With effect from 17^th February, 2016

D

With effect from 1^st February, 2016

As per the NSSO 70th Round "Situation Assessment Survey of Agricultural Households", consider the following statements: 1. Rajasthan has the highest percentage share of agricultural households among its rural households. 2. Out of the total agricultural households in the country, a little over 60 percent belong to OBCs. 3. In Kerala, a little over 60 percent of agricultural households reported to have received maximum income from sources other than agricultural activities. Which of the statements given above is/are correct?

A

2 and 3 only

B

2 only

C

1, and 3 only

D

1, 2 and 3

Which of the following persons cannot use ITR-4? (A) Who is director of a company (B) Who has held any unlisted equity shares (C) Who has any asset located outside India (D) A firm (other than LLP) if assessee is a Resident (E) Who has income from other sources Choose the most appropriate answer from the options given below:

A

A, B, C only

B

A, B, D only

C

B, D, E only

D

C, D, E only

In a gated community, all the houses are facing East. The houses are numbered 1, 2, 3, 4, 5, 6, 7 and not arranged in the same serial fashion. a) House 3 is just to the right of house 4. b) House 2 is on one of the extreme ends and house 5 is its neighbor. c) House 7 is in between house 5 and 6. d) House 4 is third from the south end. Which house is located to the extreme end other than house 2 in the gated community?

A

4

B

6

C

1

D

7

Given is the information related to a house: Municipal Value (M.V) Rs. 1,50,000 Fair Rent Rs. 1,80,000 Standard Rent Rs. 1,60,000 Actual Rent Rs. 20,000 pm Municipal tax paid by owner is 20% of M.V. Unrealised rent Rs. 40,000 (conditions of rule 4 satisfied). What is the annual value of the house?

A

Rs. 1,50,000

B

Rs. 1,60,000

C

Rs. 1,70,000

D

Rs. 2,10,000

Given is the information related to a house
Municipal Value (M.V.) Rs. 1,50,000
Fair Rent Rs. 1,80,000
Standard Rent Rs. 1,60,000
Actual Rent Rs. 20000
Municipal tax paid by owner is 20% of M. V. Unrealised rent 40,000 (conditions of rule 4 satisfied). What is the annual value of the house?

A

Rs. 1,60,000

B

Rs. 1,50,000

C

Rs. 2,10,000

D

Rs. 1,70,000

Which of the following are quasi-judicial bodies: Finance Commission Central Vigilance Commission National Human Rights Commission Central Information Commission Competition Commission of India Union Public Service Commission National Commission for SCs Choose the correct combination given below

A

All except 1, 2 & 6

B

All except 2, 4 & 6

C

All except 6.

D

None of the above options

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