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GLO_CWM_LVL_1 Exam Dumps : Chartered Wealth Manager (CWM) Global Examination

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Chartered Wealth Manager (CWM) Global Examination Questions and Answers

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Question 1

Which of the following is a self funded retirement security?

Options:

A.

Old age pension scheme

B.

Public provident fund

C.

Joint family system

D.

Provident Fund

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Question 2

X Ltd. has failed to remit the tax deducted at source from annual rent of Rs. 6,60,000 paid to Mr. A for its office building. Said rent is —

Options:

A.

fully allowable as a business expenditure;

B.

not allowable in view of Section 40(a)(I);

C.

allowable to the extent of 50%;

D.

none of the above.

Question 3

Receipts from TV serial shooting in farm house is __________________

Options:

A.

non agricultural income

B.

Agricultural income

C.

Salary Income

D.

Business Income

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