Chapter - 4 HOUSE PROPERTY | Tax Law Scanner | CS Executive | CA Inter | CMA Inter

1. If income is from sale of house property, it will be taxable under the head………

a) Capital Gains

b) Business or Profession

c) Other Sources

d) None of the above

2. The term house property shall include ………………………

a) buildings

b) land appurtenant thereto

c) both a) and b)

d) None of the above

3. If composite rent is inseparable, it shall be taxed under head

a) Other Sources

b) House Property

c) Business or Profession

d) PGBP or Other Sources

4. If any person has let out only land, which is not essential part of a building, income is taxable

a) Other Sources

b) House Property

c) Business or Profession

d) Salary b)

5. What is Standard rent of house property?

a) the rent of similar types of buildings in the same locality

b) rental value determined by the municipality for the purpose of charging municipal tax

c) the highest possible rent as per Rent Control Act

d) none of the above

6. Kajal is the owner of a house property covered under the Rent Control Act. Municipal value Rs.

30,000, actual rent Rs. 25,000 fair rent Rs. 36,000 and standard rent is Rs. 28,000. The gross annual

value of the house property will be -

(a) Rs. 30,000

(b) Rs. 25,000

(c) Rs. 18,000

(d) Rs. 36,000

7. Compute the GAV of the house whose Municipal Value is ` 80,000, Fair Rent is ` 90,000 and Actual

rent received/ receivable is ` 72,000.

a) ` 72,000 b) ` 80,000 c) ` 90,000 d) None of the above

8. Compute the GAV of the house whose Municipal Value is ` 65,000, Fair Rent is ` 65,000, Standard

Rent is ` 58,000 and Actual rent received/ receivable is ` 60,000.

a) ` 60,000

b) ` 65,000

c) ` 58,000

d) Nil

9. Compute the GAV of the house whose Municipal Value is ` 75,000, Fair Rent is ` 80,000, standard rent

is ` 78,000 and Actual rent received/ receivable is ` 72,000.

a) ` 72,000

b) ` 78,000

c) ` 75,000

d) ` 80,000

10. The amount realized shall be taxable in the year

a) in which such rent is realised

b) to which such rent pertains

c) any of the year, discretion of Assessing Officer

d) not taxable at all

11. Where the assessee has incurred any expenditure on recovery, it ………………..

a) will be allowed to be deducted

b) will not be allowed to be deducted

c) may be allowed as deduction

d) will be added to amount recovered

12. Municipal tax shall be allowed to be deducted from gross annual value while computing net annual

value. Is the statement valid?

a) Valid

b) Invalid

c) Partly valid

d) None of the above

13. If the municipal tax is due but not paid, in that case deduction ………….

a) shall be allowed

b) is not allowed

c) may be allowed

d) may not be allowed

14. If the municipal tax has been paid by the tenant, the deduction of same

a) may be allowed

b) shall be allowed

c) is not allowed

d) may not be allowed

15. During the previous year 2020-21 municipality has levied taxes ` 20,000, but the assessee has paid `

15,000. What amount of deduction shall be allowed to the assessee?

a) ` 20,000

b) ` 15,000

c) ` 17,500

d) Nil

16. Municipality has levied taxes of `45,000 but the assessee has paid ` 55,000 which includes ` 5,000 for

the earlier year and ` 5,000 for the subsequent year. What amount of deduction shall be allowed to the

assessee?

a) `45,000

b) ` 55,000

c) ` 50,000

d) ` 60,000

17. Rohit owns a house property in Delhi which he wants to give on rent. He seeks your help to

determine the reasonable expected rent when monthly municipal value is Rs. 20,000, fair rent Rs.

25,000 and standard rent Rs. 22,000. The reasonable expected rent will be computed with reference to

following amount per month –

(a) Rs. 20,000 (b) Rs. 22,000 (c) Rs. 25,000 (d) None of the above.

18. Every assessee shall be allowed deduction of notional expenditure equal to ……….. of net annual

value

a) 30 %

b) 25 %

c) 35 %

d) Nil

19. Actual expenditure incurred by the assessee ……… taken into consideration for the computation of

amount taxable under head House property

a) shall be

b) shall not be

c) may be

d) may not be

20. NAV of one house is ` 4,00,000 and actual expenditure incurred on repairs is ` 75,000. What amount

of deduction is allowed under section 24(a)

a) ` 75,000.

b) ` 1,20,000

c) ` 1,00,000

d) Nil

21. If a house has been constructed on 01.07.2020 by taking a loan on 01.11.2010, the prior period shall

be from which date to which date?

a) 01.11.2010 to 31.03.2020

b) 01.11.2010 to 1.07.2020

c) 01.11.2010 to 30.06.2020

d) None of the above

22. Aman had taken a loan of ` 5,00,000 for construction of property on 01.10.2019. Interest was

payable @ 10% p.a. The construction was completed on 30.06.2020 No principal repayment has been

made up to 31.03.2020. Compute interest allowable as deduction under section 24 where property is let

out for the A.Y.2021-22.

a) ` 5,000

b) ` 7,500

c) ` 55,000

d) ` 45,000

23. Ram had taken a loan of ` 5,00,000 for construction of property on 01.10.2018. Interest was payable

@ 10% p.a. The construction was completed on 30.06.2020. No principal repayment has been made up

to 31.03.2020. Compute interest allowable as deduction under section 24 where property is let out for

the A.Y.2021-22

a) ` 15,000

b) ` 17,500

c) ` 55,000

d) ` 65,000

24. Where the self-occupied property whose GAV is nil has been acquired, constructed, repaired,

renewed or reconstructed with borrowed capital before 01.04.1999. What is the maximum deduction of

interest that shall be allowed for the AY 2021-22?

a) ` 2,00,000

b) ` 30,000

c) ` 1,50,000

d) deduction is allowed without any limit

25. Find out the expected rent of house property Q, if the following is given : Municipal value = Rs.

65,000; Fair Rent = Rs. 88,000; Standard Rent = Rs. 60,000 Actual Rent = Rs. 1,25,000

(a) Rs. 65,000 (b) Rs. 60,000 (c) Rs. 88,000 (d) Rs. 1,25,00

26) Find the Gross Annual Value of house property of A if the following is given : Municipal value = Rs.

1,40,000; Fair Rent = Rs. 1,20,000; Standard Rent = Rs. 1,50,000; Actual Rent = Rs. 1,30,000.

(a) Rs. 1,40,000 (b) Rs. 1,20,000 (c) Rs. 1,50,000 (d) Rs. 1,30,00

27. In which of the following case GAV of the house is taken as nil.

a) When the house is self-occupied by the assessee

b) When assessee could not occupy the house because of employment and had to reside in other

building not belonging to him

c) Both a) and b)

d) None of the above

28. In which of the following case GAV of the house is taken as nil.

a) When the house is self-occupied by the assessee

b) When assessee could not occupy the house because of employment and had to reside in other

building belonging to him

c) Any of the above

d) None of the above

29. Where the interest is payable outside India, the shall not be deducted if

a) tax has not been paid or deducted

b) there is no person in India who may be treated as his agent

c) both of the above

d) none of the above

30. An assessee who claimed deduction of unrealized rent for ` 45,000 and was allowed. Later, he

realized ` 30,000 along with arrear of rent being ` 45,000. What will be the taxable amount?

a) 75,000

b) 52,500

c) 61,500

d) 66,000

31. V is the owner of a house, the details of which are given below: Municipal Value ` 30,000 Actual Rent

` 32,000 Fair Rent ` 36,000 Standard Rent ` 40,000

a) ` 36,000

b) ` 35,000

c) ` 30,000

d) ` 40,000

32. Sameer purchased a house for his residential purpose after taking a loan in January 2019. During the

previous year 2020-21, he paid interest on loan ` 2,67,000. While computing the income from house

property, the deduction of how much is allowed?

a) ` 30,000

b) ` 1,00,000

c) ` 1,67,000

d) ` 2,00,000

33. Calculate the Gross Annual value from the following details: Municipal Value -` 45,000 Fair rental

value-` 50,000 Standard rent -` 48,000 Actual Rent-`42,000

a) ` 50,000

b) `48,000

c) ` 45,000

d) ` 42,000

34. rajesh took a loan of ` 6,00,000 on 1.4.2018 from a bank for construction of a house which is

occupied by him. The loan carries an interest @ 10%p.a. The construction is completed on 15.6.2020.

The entire loan is still outstanding. Compute the interest allowable for the assessment year 2021-22.

a) ` 60,000

b) ` 1,80,000

c) ` 84,000

d) ` 24,000

35. Calculate the Gross Annual value from the following details : Municipal Value - Rs. 45,000; Fair rental

value – Rs. 50,000; Standard rent - Rs. 48,000; Actual Rent Receivable - Rs. 50181.8 Vacancy : 1 month

(a) Rs. 50,000 (b) Rs. 46,000 (c) Rs. 45,000 (d) Rs. 48,00

36. Which out of the following is not a case of deemed ownership of house property?

a) Transfer to a spouse for inadequate consideration

b) Transfer to a minor child for inadequate consideration

c) Holder of an impartible estate

d) Co-owner of a property

37. A has two house properties. Both are self-occupied. The annual value

a) of both house shall be nil

b) of one house shall be nil

c) of no house shall be nil

d) None of the above

38. An assessee has borrowed money for purchase of a house & Interest is payable outside India. Such

interest shall

a) be allowed as deduction

b) not to be allowed on deduction

c) be allowed as deduction if the tax is deducted at source

d) such interest shall not be considered

39. What is the maximum amount of deduction allowed in respect of income from house property in

respect of self-occupied property for which loan is taken for the repair of the property?

a) ` 30,000

b) ` 1,50,000

c) ` 2,00,000

d) Nil

40. What is maximum amount of deduction allowed in respect of income from house property in

respect of self-occupied property for which loan is taken for the construction of the property and other

condition relating to higher deduction is fulfilled?

a) ` 30,000

b) ` 1,50,000

c) ` 2,00,000

d) Nil

41. An individual owned a house property which was self-occupied. He obtained loan for construction

of same house on 1st April 2018 of ` 16,00,000 at interest rate of 10 %. The construction got completed

on 28th March 2021. No installment of loan has been paid yet. Determine Income under head House

Property for the assessment year 2021-22?

a) ` 2,00,000

b) ` 1,50,000

c) ` 30,000

d) ` 2,24,000

42. An individual owned house property which was self-occupied. Interest amounting to ` 50,000 has

been paid during the year in respect of loan obtained for repair of house. Determine amount of

deduction available in respect of house Property for assessment year 2021-22?

a) ` 50,000

b) ` 1,50,000

c) ` 30,000

d) ` 2,00,000

43. Aman had taken a loan of ` 20,00,000 for construction of property on 01.10.2019. Interest was

payable @ 10% p.a. The construction was completed on 30.06.2020. No principal repayment has been

made up to 31.03.2020. Compute interest allowable as deduction under section 24 where property is

self-occupied for the A.Y.2021-22.

a) ` 20,000

b) ` 2,20,000

c) ` 1,50,000

d) ` 2,00,000

44. Ram had taken a loan of ` 15,00,000 for repair of property on 01.10.2017. Interest was payable @

10% p.a. The construction was completed on 30.06.2020. No principal repayment has been made up to

31.03.2021. Compute interest allowable as deduction under section 24 where property is selfoccupied

for the A.Y.2021-22

. a) ` 30,000

b) ` 1,50,000

c) ` 1,95,000

d) ` 2,00,000

45. The net annual value of house let-out is 1,00,000 and actual amount spent by assessee on repair and

insurance premium is 20,000, amount of deduction allowed u/s 24(a) shall be ……………

a) 30,000

b) 1,50,000

c) 1,00,000

d) 20,000

46. Vivek, after sale of his house property during August, 2018 received arrears of rent amounting to

40,000 on 2nd February, 2020. The said income is chargeable to tax under head …………………?

a) 28,000 under head house property

b) 28,000 under head PGBP

c) 40,000 under head house property

d) 40,000 under head PGBP

47. Vivek received 30,000 as arrears of rent during the previous year 2020-21. The amount taxable

under section 24A would be…………………?

a) 21,000

b) 30,000

c) 1,50,000

d) None of the above

48. Income from vacant plot of land is taxable under the head ‘income from other sources’

a) True

b) False

c) Partly true

d) None of the above

49. Rent from house property let-out by an assessee to his employer when such letting is incidental to

his main business, will be taxable under head ‘Income from house property’.

a) True

b) False

c) Partly true

d) None of the above

50. It is not possible to have negative income under the head ‘Income from house property’.

a) True

b) False

c) Partly true

d) None of the above

51. What amount of deduction is available under section 24(b) for previous year 2020-21 in case of let

out property as per following detail: Amount of loan (for construction of property) : ` 12,00,000 Date of

loan : 1.01.2018 Rate of interest : 12% Date of completion of construction : 31.1.2021

a) 2,08,800

b) 2,37,600

c) 2,00,000

d) 1,44,000

52. Where self-occupied property whose GAV is nil is repaired, renewed or reconstructed with capital

borrowed on or after 01.04.1999. What is the maximum deduction of interest that shall be allowed?

a) ` 1,50,000

b) ` 30,000

c) Nil, no deduction is allowed

d) deduction is allowed without any limit

53. If Fair rent is ` 15,000 p.m. and Municipal valuation is ` 16,000 p.m. and Standard rent is ` 15,500

p.m., rent received or receivable is ` 17,000 p.m. Compute the GAV of the house

a) ` 15,500 p.m.

b) ` 17,000 p.m.

c) ` 16,000 p.m.

d) ` 15,000 p.m.

54. Statutory deduction or standard deduction is provided under section

a) 24(b)

b) 24(a)

c) 22

d) 23

55. Deduction for interest on the capital borrowed is provided under section

a) 24(b)

b) 24(a)

c) 22

d) 23

56. Which is the charging section of Income under head House property?

a) 28

b) 22

c) 23

d) 56

57. When composite rent is separable, rent of furniture or other facilities shall be taxable under head

…..

a) Other Sources

b) House Property

c) Business or Profession

d) PGBP or Other Sources

58. When composite rent is separable, rent relating to building shall be taxable under head …..

a) Other Sources

b) House Property

c) Business or Profession

d) PGBP or Other Sources

59. If any person is holding house property as stock-in-trade for the purpose of letting out, income shall

be taxable under the head ……………………

a) Other Sources

b) House Property

c) Business or Profession

d) Salary

60. F Ltd is holding 700 flats for the purpose of letting out, income shall be taxable under ……..

a) Other Sources

b) House Property

c) Business or Profession

d) Salary

61. If any person has a hotel building which has been let out, income from such hotel building shall be

taxable under the head …………..

a) Other Sources

b) House Property

c) Business or Profession

d) Salary

62. How is the income under head House Property computed?

a) Gross Annual Value - Municipal Tax Paid by owner

b) Gross Annual Value - Municipal Tax Paid by owner and tenant - Deduction u/s 24

c) Gross Annual Value - Municipal Tax Paid by owner - Deduction u/s 24

d) Gross annual value - Municipal Tax borne by owner - Deduction u/s 24

63. Annual value of house property is computed under section?

a) 22

b) 24

c) 23

d) 26

64. What is fair rent of house property?

a) the rent of similar types of buildings in the same locality

b) rental value determined by the municipality for the purpose of charging municipal tax

c) rent received or receivable

d) none of the above

65. Find the Gross Annual Value of house property of A if the following information is given : Municipal

value = Rs. 1,40,000; Fair Rent = Rs. 1,50,000; Standard Rent = Rs. 1,44,000; Actual Rent (1 Month)= Rs.

15,000; Vacancy = 11 months.

(a) Rs. 1,40,000 (b) Rs. 1,50,000 (c) Rs. 15,000 (d) Rs. 1,44,000

66. While computing gross annual value of a let out property, which of the following shall be deducted

from actual rent received or receivable.

a) Municipal rent

b) fair rent

c) unrealized rent

d) None of the above

67. Municipal taxes shall include

a) House Tax

b) Fire Tax

c) Scavenging Tax

d) all of the above

68. Deduction from Net annual value shall be allowed under section

a) 24

b) 26

c) 22

d) 23

69. Where property has been acquired or constructed with borrowed capital, the interest payable on

such capital borrowed for the period prior to the previous year in which the property has been acquired

or constructed, shall be deducted in equal installments ……………..

a) over a period of 3 years

b) over a period of 4 years

c) over a period of 5 years

d) over a period of 10 years

70. Where fresh loan has been raised to repay the original loan. Interest payable on the loan so raised

to repay original loan ……………

a) would not be allowed as a deduction u/s24

b) would also be allowed as a deduction u/s24

c) may be allowed as a deduction u/s 24

d) none of the above

71. If any person has only one house or part of house which is self wholly vacant, gross annual value of

such a house ………………

a) shall not be taken to be Nil

b) shall be taken to be Nil

c) may be taken to be Nil

d) computed normally by comparing FMV, Standard rent, Actual rent

72. When the GAV of the house is taken as nil in case of SOH, municipal taxes paid ………………………

a) shall be allowed as deduction

b) shall not be allowed as deduction

c) may be allowed as deduction

d) None of the above

73. When the GAV of the house is nil, standard deduction under section 24(a) shall be allowed. Discuss

the validity of the statement.

a) Valid, standard deduction shall be allowed

b) Invalid, standard deduction shall not be allowed as deduction

c) Partly valid, in few cases standard deduction may be allowed

d) None of the above

74. When the GAV of the house is nil, interest on capital borrowed shall be allowed as deduction. is the

statement true?

a) True

b) False

c) Partly true

d) None of the above

75. Where a self-occupied property whose GAV is nil is acquired or constructed with capital borrowed

on or after 01.04.1999 and such acquisition or construction is completed within 5 years from end of

financial year in which capital was borrowed. What is the maximum deduction of interest that shall be

allowed?

a) ` 1,50,000

b) ` 30,000

c) ` 2,00,000

d) deduction is allowed without any limit

76. A house whose municipal value is ` 1,10,000, Fair rent is ` 1,30,000, Standard Rent is ` 1,20,000 and

municipal taxes paid is ` 1,40,000 (includes arrear of 6 years). The actual rent for whole year is `

1,08,000. What would be the NAV?

a) 1,20,000

b) - 20,000

c) -10,000

d) - 32,000

77. A house was taken on rent by Ravi for ` 12,000 per month who lets out the property further for a

rent of ` 18,000 per month. How would it be taxed in the hands of Ravi?

a) Under head House Property, amount being 50,400

b) Under head Other Sources, amount being ` 72,000

c) Under head PGBP, amount being ` 72,000

d) None of the above since not taxable at all

78Municipal value : Rs. 14,000; Fair rent: Rs. 14,500; Standard rent: Rs. 14,200. Actual rent as property

let-out throughout the previous year : Rs. 16,800. Unrealized rent of the previous year : Rs. 7,000. The

annual value of the house property shall be

(a) Rs. 9,800 (b) Rs. 7,200 (c) Rs. 14,200 (d) Rs. 7,500

79. ) Shammi owns a house, which is self-occupied upto 31-5-2020 w.e.f. 1-6-2020, the property is let to

Ranjeet at Rs. 42,000 p.m. Determine the Gross Annual Value of the house if the municipal value is Rs.

4,15,000; Fair Rent Rs. 4,30,000 and standard rent is Rs. 4,10,000.

(a) Rs. 4,20,000 (b) Rs. 4,30,000 (c) Rs. 4,10,000 (d) Rs. 4,15,000

80. What would be the amount of deduction available u/s24(b) for previous year 2020-21 in case of let

out property as per following detail: Amount of loan (for construction of property) : ` 12,00,000 Date of

loan : 1.07.2015 Rate of interest : 12% Date of completion of construction : 31.4.2018

a) 1,44,000

b) 2,23,200

c) 2,00,000

d) 3,96,000

81. Where a let out property is acquired or constructed with capital borrowed. What is the maximum

amount of interest that shall be allowed?

a) ` 1,50,000

b) ` 30,000

c) Nil, no deduction is allowed

d) deduction is allowed without any limit

82. Where a let out property is repaired, renewed or reconstructed with capital borrowed. What is the

maximum deduction of interest that shall be allowed?

a) ` 1,50,000

b) ` 30,000

c) deduction is allowed without any limit

d) Nil, no deduction is allowed

83.Kishor is engaged in running hotels. During the period, he earned rent of `4,50,000. The income will

be taxable under head

a) House property

b) Other Sources

c) PGBP

d) PGBP or Other Sources, at the option of assessee

84. When is deduction of unrealized rent allowed?

a) If the amount of unrealized rent does not exceed 15 % of rent receivable

b) If the amount of unrealized rent does not exceed 30 % of rent receivable

c) If condition mentioned in Rule 4 is satisfied

d) None of the above

85. Ram recovers ` 70,000 as outstanding which was arrear. What amount will be taxable? (Assume he

has no other income)

a) 70,000

b) 49,000

c) Nil

d) 21,000

86. Mr. Ahmed acquired a property in April, 2020 for self-residential use. The loan interest payable to

State Bank of India for the financial year 2020-21 amounts to Rs. 2,10,000. The amount eligible for

deduction under section 24 is :

(a) Rs. 30,000 (b) Rs. 2,00,000 (c) Rs. 2,10,000 (d) Rs.1,50,000

87. ram has taken a house on rent and sublets the same to sita Income from such house property shall

be taxable under the head:

a) Income from House property

b) Income from other sources

c) Income from capital gains

d) None of the above

88. Municipal valuation of a house is 1,00,000 whereas the fair rent of House property is 1,20,000 and

standard rent is 1,10,000. Actual Rent received is 1,40,000. Municipal taxes paid 10%. The net annual

value in this case shall be:

a) 90,000

b) 1,40,000

c) 1,30,000

d) 1,00,000

89. Municipal valuation of a house is 1,00,000 whereas the fair rent of House property is 1,50,000 and

standard rent is 1,20,000. Actual Rent received is 1,30,000. Municipal taxes paid for 6 years in advance

1,20,000. The net annual value in this case shall be:

a) 1,10,000

b) 10,000

c) 1,30,000

d) 1,00,000

90. If annual value of the let out property is negative, then tick the deductions which shall be allowed

u/s 24:

a) All deductions

b) No deductions

c) Deduction only on account of interest on money borrowed

d) None of the above

91. If the property is owned by Co-owners and it is let out, Income from such property shall be:

a) computed separately for each co-owners

b) first computed ignoring Co-ownership and then distributed among Co-owners

c) at the option of the assessing officer

d) None of the above

92. If the property is owned by co-owners & it is self-occupied by all Co-owners, the annual value

a) of such House property shall be nil

b) for each co-owners shall be nil

c) would be at the option of assessing officer

d) None of the above

93. In the above case, interest on money borrowed shall be allowed:

a) To the extent of 30,000 / 2,00,000 as the case may be, for the property as such

b) To each co-owner to the extent of 30,000 / 2,00,000 as the case may be.

c) To each co-owner to the extent of 30,000 / 1,50,000 as the case may be.

d) None of the above

94. Unrealized rent is a deduction from:

a) Actual Rent

b) Net Annual Value

c) Income from the head House property

d) None of the above

95. An Assessee was allowed deduction of unrealized rent to the extent of 40,000 in past although total

unrealized rent was 60,000. He is able to recover from tenant 45,000 during the previous year on

account of such unrealized rent. He shall be liable to pay tax on which amount?

a) 45,000

b) Nil

c) 17,500

d) None of the above

96. Vidya received ` 90,000 in May, 2020 towards recovery of unrealised rent, which was deducted from

actual rent during the P.Y. 2018-19 for determining annual value. Legal expense incurred in relation to

unrealized rent is ` 20,000. The amount taxable under section 25A for A.Y. 2021-22 would be –

(a) ` 70,000

(b) ` 63,000

(c) ` 90,000

(d) ` 49,000

97. Ganesh and Rajesh are co-owners of a self-occupied property. They own 50% share each. The

interest paid by each co-owner during the previous year on loan (taken for acquisition of property

during the year 2004) is ` 2,05,000. The amount of allowable deduction in respect of each coowner is –

(a) ` 2,05,000

(b) ` 1,02,500

(c) ` 2,00,000

(d) ` 1,00,000

98. Mr. Raghav has three houses for self-occupation. What would be the tax treatment for A.Y.2021- 22

in respect of income from house property?

(a) One house, at the option of Mr. Raghav, would be treated as self-occupied. The other two houses

would be deemed to be let out

. (b) Two houses, at the option of Mr. Raghav, would be treated as self-occupied. The other house would

be deemed to be let out.

(c) One house, at the option of Assessing Officer, would be treated as selfoccupied. The other two

houses would be deemed to be let out.

(d) Two houses, at the option of Assessing Officer, would be treated as selfoccupied. The other house

would be deemed to be let out

. 99. The fair rental value is 3,50,000, actual rent 3,30,000, Standard rent 3,20, 000.Municipal tax paid

during the previous year for the last 7 years is 3,40,000. The net annual value will be:

a. Loss 10,000

b. 10,000

c. 3,30,000

d. Loss 3,30,000

100. Unrealized rent is equal to ……… a. Amount of rent payable but not paid by

a tenant.

b. Amount of rent payable and paid by a tenant.

c. Amount of rent payable neither payable nor paid by tenant.

d. None of the above

Answer Sheet