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Free GLO_CWM_LVL_1 Exam Braindumps (page: 4)

Page 3 of 266
PDF with 1057 Questions

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. The said rent is

  1. fully allowable as a business expenditure
  2. not allowable in view of Section 40(a)(I)
  3. allowable to the extent of 50%;
  4. none of the above

Answer(s): B



Post office term deposit can be opened for 10 years

  1. TRUE
  2. FALSE

Answer(s): B



"Which of the following can benefit from SARFAESI, 2002?"

  1. Banks
  2. Financial Institutions
  3. Both of the above
  4. None of the above

Answer(s): C



A trust is extinguished if

  1. All the beneficiaries who all competent to contract have given their consent for revocation of the trust
  2. Fulfillment of its purpose her become impossible
  3. In purpose is completely fulfilled
  4. Any one of the above

Answer(s): D






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