Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: C

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

Limited Time Offer

25%

Off

Get Premium GLO_CWM_LVL_1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Marti
2 days ago
I'm leaning towards B. The owner doesn't have to be the assessed, that's an interesting twist.
upvoted 0 times
...
Linette
7 days 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'?
upvoted 0 times
...
Walton
10 days ago
Hmm, I think D is the correct answer. None of the above conditions seem to be false.
upvoted 0 times
...
Sonia
15 days ago
Hmm, that makes sense. I see your point.
upvoted 0 times
...
Gearldine
17 days 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'.
upvoted 0 times
Ollie
1 days ago
B) The assessed may or may not be the owner of such house property
upvoted 0 times
...
Avery
4 days ago
A) The property must consist of buildings and land appurtenant there to
upvoted 0 times
...
...
Margery
20 days 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.
upvoted 0 times
...
Sonia
24 days ago
I think the answer is D) None of Above.
upvoted 0 times
...

Save Cancel