A received ₹ 60,000 as arrears of rent from house property during tax year 2026–27. The amount taxable…
The taxable amount is ₹ 42,000. Section 23 allows a 30% deduction from rent arrears, so ₹ 60,000 − ₹ 18,000 = ₹ 42,000.
Choose your answer
A received ₹ 60,000 as arrears of rent from house property during tax year 2026–27. The amount taxable under the Income-tax Act, 2025 would be:
Answer and explanation
Correct answer B
The taxable amount is ₹ 42,000. Section 23 allows a 30% deduction from rent arrears, so ₹ 60,000 − ₹ 18,000 = ₹ 42,000.
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Madhya Pradesh SET (MP SET)