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  • How To Calculate Dissproportionate Assets

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    Nagendra Naik
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    To calculate disproportionate assets, one takes the difference between assets at the beginning and end of the check period. Any increase beyond identifiable income and expenditures is considered disproportionate. For example, if assets grew from Rs. 10,00,000 to Rs. 11,00,000 but income was only Rs. 1,000,000, then the additional Rs. 1,00,000 would be disproportionate. However, if assets grew to Rs. 20,00,000 and identifiable income and expenditures account for the Rs. 10,00,000 difference, then there are no disproportionate assets.

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    An example to calculate disproportionate assets

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    How to Calculate Dissproportionate Assets

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    To calculate disproportionate assets, one takes the difference between assets at the beginning and end of the check period. Any increase beyond identifiable income and expenditures is considered disproportionate. For example, if assets grew from Rs. 10,00,000 to Rs. 11,00,000 but income was only Rs. 1,000,000, then the additional Rs. 1,00,000 would be disproportionate. However, if assets grew to Rs. 20,00,000 and identifiable income and expenditures account for the Rs. 10,00,000 difference, then there are no disproportionate assets.

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    2K views1 page

    How To Calculate Dissproportionate Assets

    Uploaded by

    Nagendra Naik
    To calculate disproportionate assets, one takes the difference between assets at the beginning and end of the check period. Any increase beyond identifiable income and expenditures is considered disproportionate. For example, if assets grew from Rs. 10,00,000 to Rs. 11,00,000 but income was only Rs. 1,000,000, then the additional Rs. 1,00,000 would be disproportionate. However, if assets grew to Rs. 20,00,000 and identifiable income and expenditures account for the Rs. 10,00,000 difference, then there are no disproportionate assets.

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    How to calculate Disproportionate assets:

    DETAILS OF ASSETS, INCOME, EXPENDITURE AND PERCENTAGE OF DISPROPORTION A) Assets at the beginning of check Period B) Assets at the end of the check period (B - A) Assets acquired during the check period C) Receipts and income during the check period D) Expenditure during the check period (C-D) Likely savings during the check period (B-A)-(C-D)= disproportionate asset. 10,00,000-2,50,000=7,50,000 2,50,000 is known source of income + 750000-00 is disproportionate assets Another Example is: A) Assets at the beginning of check Period B) Assets at the end of the check period (B - A) Assets acquired during the check period C) Receipts and income during the check period D) Expenditure during the check period (C-D) Likely savings during the check period (B-A)-(C-D)= disproportionate asset. 10,00,000-11,00,000=(-)1,00,000 11,00,000 is known source of income (-)1,00,000-00 is disproportionate asset. No Disproportionate assets. 1000000 2000000 1000000 1650000 550000 1100000 (-)1,00,000 10,00,000 20,00,000 10,00,000 5,00,000 2,50,000 2,50,000 7,50,000

    While calculating this the definition of known source of income (13(1)(e) of P.C.Act has to be kept in mind.

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