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CAF-2 · Chapter 6 · Question 1 of 15

Under Section 15 of the Income Tax Ordinance, 2001, which of the following amounts is explicitly included in the definition of "rent" for the purpose of taxation under the head 'Income from Property'?

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: B) B) Any forfeited deposit paid under a contract for the sale of land or a building.

Explanation

The definition of rent specifically includes any forfeited deposit paid under a contract for the sale of land or a building.

All 15 questions in Chapter 6Income from Property MCQs with answers

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