As per the Income-tax Act, 2025, which of the following property incomes is not exempt from tax?
Income from letting out house property is ordinarily taxable under the head income from house property. Exemptions for qualifying agricultural farmhouse income and…
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As per the Income-tax Act, 2025, which of the following property incomes is not exempt from tax?
Answer and explanation
Correct answer C
Income from letting out house property is ordinarily taxable under the head income from house property. Exemptions for qualifying agricultural farmhouse income and qualifying property income of local authorities or political parties depend on the applicable statutory conditions.
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Maharashtra and Goa SET (MH SET)