Chp 6 Income from property

Question 1

Principles of taxation of property income

Answer 1

https://drive.google.com/file/d/1em9uRwQleVbk6WItEIKko1rSZXW9Fa6G/view?usp=drivesdk

Question 2

Self hiring case

Answer 2

https://drive.google.com/file/d/1ZH3qPqTgNeztAipAUw8Jsq7915rEv8FB/view?usp=drivesdk

Question 3

Free accommodation provided to employee by employer

Answer 3

https://drive.google.com/file/d/1ZM4cf9eykf-sOTtck3Bj4vDHn3FFWvVC/view?usp=drivesdk

Question 4

Exempt in income

Answer 4

Agricultural income

Question 5

https://drive.google.com/file/d/1ZR1g8YivihCrH-FG-t_UmXdoKauFq0kw/view?usp=drivesdk

Answer 5

https://drive.google.com/file/d/1ermtYVf71QUM06jSJazh8y2SbC9r-0HM/view?usp=drivesdk

Question 6

Income of joint owners

Answer 6

INCOME OF JOINT OWNERS
Multtple ownership with shares individually ascertainable
ee dny property is owned by two or more persons and their respective shares in that
property are definite and ascertainable, net rental income chargeable to tax in case of
Individual/AOP and net rental income in case of company will be proportionately allocated
to each owner. Each owner will pay tax on such income as per their applicable rates.
Multiple ownership with shares not individually ascertainable
Where any property is owned by two or more persons and their respective shares in that
property are NOT definite and ascertainable, the property will be considered as being
jointly owned by an association of persons (AOP) and taxable income and tax payable
thereon will be computed as per the principles of taxation for AOP.

Question 7

Chart of income of joint owners

Answer 7

https://drive.google.com/file/d/1es6ZVNnDZ7qnmUCC7vejractKSNe0mXr/view?usp=drivesdk

Question 8

Joint owners

Answer 8

https://drive.google.com/file/d/1euEVH0C91FI9cKZj1Id42Z7gauW18igX/view?usp=drivesdk
https://drive.google.com/file/d/1f0ef4VFndSt2QewQhuu06QPRTqMI-JLt/view?usp=drivesdk

Question 9

Deducation as bad debt recieveable tenant?

Answer 9

Tenancy was bona fide thi.
Tenant was not in occupation of any other property.
Legal proceedings are initiated to recover unpaid rent or there reasonable grounds that legal proceedings are useless.
Tenant has vacated the property or being compel to vacate the property.
If unpaid rent was chargeable to tax previously https://drive.google.com/file/d/1f57eoClFMkCgb-ThCkFqarK_Idd4YeDi/view?usp=drivesdk
https://drive.google.com/file/d/1f0toEv6qW9zyQomW8HoDnA7M3ciuVYWm/view?usp=drivesdk

Question 10

Deducation of liability

Answer 10

https://drive.google.com/file/d/1f0toEv6qW9zyQomW8HoDnA7M3ciuVYWm/view?usp=drivesdk
Pg 101

Question 11

Treatment of non adjustable and adjustable advance

Answer 11

https://drive.google.com/file/d/1fLPWYx34BmQplE4QMzmtjCCKKT7qoq4y/view?usp=drivesdk
https://drive.google.com/file/d/1fMOnlTrfwpe7itPUNHEAx8Ttv8_zcoM9/view?usp=drivesdk
https://drive.google.com/file/d/1fOxhAjVwbmD8iYA0c2Y1Tq-U5iyfHYkV/view?usp=drivesdk
https://drive.google.com/file/d/1fPaVwNacKqFwc3Sbm2WAJcupQPh65NU-/view?usp=drivesdk

https://drive.google.com/file/d/1fQYUYBOWBW1C60cTCSHVxJWEBvyuc2g7/view?usp=drivesdk
https://drive.google.com/file/d/1fSPyBznVnO3zQKh-azYcyB1A4L6cQgZ-/view?usp=drivesdk

Question 12

Numerical

Answer 12

https://drive.google.com/file/d/1cLNWuRa3EtEG78PpQI1EzseNwuzbdb5V/view?usp=drivesdk