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AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 316 Topic 32 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 316 Topic 32 Discussion

GLO_CWM_LVL_1 Exam Topic 32 Question 316 Discussion:
Question #: 316
Topic #: 32

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


A.

The property must consist of buildings and land appurtenant there to


B.

The assessed may or may not be the owner of such house property


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.


D.

None of Above


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