Answer to Question #238196 in Law for Zia

Question #238196

Do Interpretation of the data given below in a professional manner.

(5) Sub-section (4) shall not apply where the fair market rent is included in the income of the lessee chargeable to tax under the head "Salary".

(6) Income under this section derived by an individual or an association of persons shall be liable to tax at the rate specified in Division VIA of Part 1 of the First Schedule.]

(7) The provisions of sub-section (1) shall not apply in respect of an individual or association of persons who derive income chargeable to tax under this section not exceeding two hundred thousand rupees in a tax year and does not derive taxable income under any other head.

Expert's answer
Dear Zia, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be the first!

Leave a comment

New on Blog