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AAFM Exam GLO_CWM_LVL_1 Topic 3 Question 101 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 101
Topic #: 3
[All GLO_CWM_LVL_1 Questions]

Which of the following is not true in respect of the conditions essential for taxing income under the head income from House Property?

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Suggested Answer: C

by Jonell at Mar 19, 2025, 09:38 AM

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Marti
2 months ago
I'm leaning towards B. The owner doesn't have to be the assessed, that's an interesting twist.
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Steffanie
3 days ago
D) None of Above
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Isabelle
5 days ago
C) The property may be used for any purpose, but it should not be used by the owner for the purpose of any business or profession carried on him, the profits of which are chargeable to tax.
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Carlene
10 days ago
B) The assessed may or may not be the owner of such house property
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Oretha
11 days ago
A) The property must consist of buildings and land appurtenant there to
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Linette
2 months ago
Ha! These tax questions are a real headache. Why can't they just make it simple - 'pay your taxes and be done with it'?
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Walton
2 months ago
Hmm, I think D is the correct answer. None of the above conditions seem to be false.
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Stevie
2 months ago
User 2: Yeah, none of the above conditions seem to be false.
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Weldon
2 months ago
User 1: I think D is the correct answer.
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Sonia
2 months ago
Hmm, that makes sense. I see your point.
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Gearldine
3 months ago
I'm pretty sure it's C. Using the property for business or profession is not allowed under the head 'income from house property'.
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Dexter
29 days ago
D) None of Above
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Adolph
1 months ago
C) The property may be used for any purpose, but it should not be used by the owner for the purpose of any business or profession carried on him, the profits of which are chargeable to tax.
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Ollie
2 months ago
B) The assessed may or may not be the owner of such house property
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Avery
2 months ago
A) The property must consist of buildings and land appurtenant there to
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Margery
3 months ago
I disagree, I believe the correct answer is C) The property may be used for any purpose, but it should not be used by the owner for the purpose of any business or profession carried on him, the profits of which are chargeable to tax.
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Sonia
3 months ago
I think the answer is D) None of Above.
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