CS objectives

563 views 3 replies

1.In determining annual value the following factors should be taken into consideration, except

a.actual rent received

b.fair rent of the property

c.deposit recived from tenants

d.standrard rent.

 

2.which of the following is not an asset under section 2(ea)of the wealth tax act,1957 

a.motor car

b.boats & aircraft

c.guest house

d.cash at bank

 

Short notes on:

1.Income of Political parties under section 13 A.

 

2.What are the essentials conditions for claiming exemptions under section 11 in the case of a charitable trust?

Replies (3)

Answer1- (c) deposits received from tenant

Answer-2-(d) Cash at bank

Answer of short notes-

Answer- The following income derived by a political party are not included in computing its total income-

(i) Income which is chargeable under the head "income from house property" or

(ii) Income chargeable under the head " income from other sources"

(iii) Any income by way of voluntary contribution from any person.

Answer-Conditions for claiming exemptions u/s 11

(a) Trust must have been created for any lawful purpose.

(b) Such trust/institution must be for charitable or religious purpose.

(c) The trust must get itself registered with the commissioner of IT within the prescribed time.

(d) The property from which income is derived should be held under trust by such charitable or religious   trust/institution.

 

Just check with others opinion.

 

 

Thank you so much jyoti.......

My pleasure.........


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details