As regards the income to be taxable under the head “ Income from house property”, which of the following condition is NOT TRUE?-
A. The property should consist of any building or land appurtenant there to
B. The assessee should be the owner of the property
C. The property may not be occupied by the owner for the purpose of any business or profession carried on by him, the profits of which are chargeable to income-tax.
D. The property should not be used by the owner for the purpose of any business or profession carried on by him the profits of which are chargeable to Income-tax
Answer:D
As regards the income to be taxable under the head “ Income from house property”, which of the following condition is NOT TRUE?-
A. The property should consist of any building or land appurtenant there to B. The assessee should be the owner of the property C. The property may not be occupied by the owner for the purpose of any business or profession carried on by him, the profits of which are chargeable to income-tax. D. The property should not be used by the owner for the purpose of any business or profession carried on by him the profits of which are chargeable to Income-tax