Which of the following incomes from house property is NOT excluded from total income under the…
Rent received by a salaried owner from a let-out flat ordinarily falls within income from house property under section 20 of the Income-tax Act, 2025. The exclusions for…
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Which of the following incomes from house property is NOT excluded from total income under the Income-tax Act, 2025?
Answer and explanation
Correct answer A
Rent received by a salaried owner from a let-out flat ordinarily falls within income from house property under section 20 of the Income-tax Act, 2025. The exclusions for qualifying local authorities, political parties and research associations depend on their specified statutory status and conditions; ordinary ownership by a salaried individual supplies no comparable exclusion.
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