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Free GLO_CWM_LVL_1 Exam Braindumps (page: 21)

Page 20 of 266
PDF with 1057 Questions

Where the return of income is filed after the due date specified u/s 139(1):

  1. all deductions under Chapter VIA i.e. 80C to 80U will be allowable
  2. all deductions under Chapter VIA i.e. 80C to 80U will not be allowable
  3. all deductions under Chapter VIA i.e. 80C to 80U excepting 80-IA, 80-IAB, 80-IB, 80-IC will be allowable
  4. all deductions under Chapter VIA i.e. 80C to 80U except 80-IA will be allowable

Answer(s): D



Which among the following is not an advantage of setting up a trust?

  1. Allows for orderly distribution of assets and income following death
  2. Ensures that the estate poses to the intended beneficiaries
  3. Tax planning
  4. Protects against money laundering

Answer(s): D



Jensen measure of a portfolio reflects

  1. Excess return over market portfolio
  2. Excess return over fair return as per CAPM
  3. Excess return over fair return as per APT
  4. Excess return over risk free return

Answer(s): B



Possession of the mortgaged property is not delivered to the mortgage in ...............

  1. Equitable mortgage
  2. Balloon mortgage
  3. Simple mortgage
  4. None of the above

Answer(s): C






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