Income From Property Chapter- 08
(b) Discuss the provisions of the Income tax Ordinance, 2001 regarding non-adjustable amount received
from a tenant by the owner of a building.
Q.NO. 1(a) Autumn 20 06 Describe the term ‘rent’ in the context of income from property.
(b) Autumn 2006 Through Finance Act, 2006 income from property has been subjected to final tax regime.
However, the provisions relating to taxability of income from property shall not apply to taxpayers who meet
certain conditions. State these conditions.
Q.NO. 1(c) Autumn 2006 Specify under which head of income, following amounts of rent would be
chargeable to tax:
(i) Rent in respect of lease of a building together with plant and machinery.
(ii) Amount included in the rent of a building for the provision of amenities, utilities or any other service
connected with the renting of such building.
Q.3 Autumn 2002
(a) What is chargeable to tax under the head ‘income from house property’?
(b) Elaborate the terms ‘house property’ and ‘annual value’.
(c) What is the rationale for allowing ‘vacancy allowance’?
(d) What are the rules prescribed for the allow-ability of unrealized rent?
NOW SOLVE FOLLOWING NUMERICAL QUESTIONS OF MODULE C / AFC PAST PAPER RELATED
TO THIS TOPIC
Q. NO. 4(B) SPRING 2015
Q. NO. 4 SPRING 2014
Q. NO. 5 SPRING 2003
Q. NO. 4 AUTUMN 2002