KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR

LET KNOWLEDGE SPREAD

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PART-16 27.05.2021

CHOOSE THE RIGHT ANSWER – YES / NO

151. If a valuer wants to be very thorough with capital gain tax calculations, he has to be thorough with the latest provisions of the Income Tax Act. Is it right?.….. Yes/No

152. The scope of a registered valuer is to ascertain the fair market value of the property as on 01.04.1981 or 01.04.2001 and it is the job of a Chartered accountant to calculate the capital gain tax. Is it right? .….. Yes/No

153. If a valuer wants to do valuation for secured lending purposes, then he has to be associated thoroughly with the market conditions and do adequate field investigations. Is it right? .….. Yes/No

154. Leasehold asset is said to be a wasting asset. The lessee loses his title to the property as soon as the lease expires. Is it right? .….. Yes/No

155. A quarry can not be valued by Income approach. Is it right? .….. Yes/No

156. Evidence by an expert is evidence of facts and is distinctly different from evidence of opinion. Is it right? .….. Yes/No

157. While giving expert evidence, the important rule is “Honesty is not the best policy”. Is it right? .….. Yes/No.

158. A difference of 30 to 40% between any two honest valuations is considered as reasonable. Is it right? .….. Yes/No

159. Valuation is a matter of opinion only. Is it right? .….. Yes/No

160. Before undertaking any valuation assignment, it is always better to obtain a written request from the party stating clearly the exact purpose of valuation. Is it right? .….. Yes/No

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ANSWERS KEYS:
Part 16

151 – Yes
152 – Yes
153 – Yes
154 – Yes
155 – No
156 – No
157 – No
158 – No
159 – Yes
160 – Yes

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PART-17 28.05.2021

CHOOSE THE RIGHT ANSWER – YES / NO

161. The capital value is Rs. 1 crore. The yield is 5%. The annual net income is Rs. 5,00,000/-. Is it right?.….. Yes/No

162. The net monthly income is Rs. 12,500/-. The rate of return is 6%. The capitalised value is Rs. 18,75,000/-. Is it right?.….. Yes/No

163. The age of the building is 10 years. Life is 60 years. Salvage value is 10%. The depreciation percentage by straight line method is 15%. Is it right?.….. Yes/No

164. The age of the building is 8 years. Rate of depreciation is 1.5%. The depreciation percentage by linear method is 11.38%. Is it right?.….. Yes/No

165. The years purchase is 12.5. The rate of return is 12.5. Is it right?….. Yes/No

166. The Y.P. is 25. The capitalised value is Rs. 54,00,000/-. The monthly net income is Rs. 2,16,000/-. Is it right?.….. Yes/No

167. Investment in immovable properties is not considered as sound investment. Is it right?.….. Yes/No

168. When the first floor has independent foundation, then, there can be different depreciation for FF and it need not be linked with GF. Is it right?.….. Yes/No

169. When compared to the yield rate available for long term investment in government securities, the return on investment in real estate is considered as higher. Is it right?.….. Yes/No

170. When the foundation is same for GF & FF, the depreciation of FF is linked with the depreciation of GF in general. Is it right?.….. Yes/No