Mr. Mukesh has possession of House Property and receives ₹ 10,000 per month as rent. His brother Mr. Anil has filed a case against him for the ownership of the house. Generally, this house property income will be
A. Taxable in the hands of Mr. Mukesh
B. Exempt from tax
C. Taxable in the hands of Mr. Anil
D. Deferred till the dispute is resolved
Answer:A
Mr. Mukesh has possession of House Property and receives ₹ 10,000 per month as rent. His brother Mr. Anil has filed a case against him for the ownership of the house. Generally, this house property income will be
A. Taxable in the hands of Mr. Mukesh B. Exempt from tax C. Taxable in the hands of Mr. Anil D. Deferred till the dispute is resolved