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Question 136

As per presumptive income scheme under section 44AE, the presumed income shall be:

Options:

A.

Rs. 3,000 p.m. per goods carriage

B.

Rs. 3,500 p.m. per heavy goods vehicle and Rs. 3,150 p.m. per vehicle other than heavy goods vehicle

C.

Rs. 3,500 p.m. per heavy goods vehicle Rs. 3,150 p.m. for medium goods vehicle and Rs. 2,000 p.m. per light commercial vehicle.

D.

None of These

Question 137

Income received in India in previous year is taxable in the hands of:

Options:

A.

Resident;

B.

Not-resident;

C.

Non ordinarily resident;

D.

All above.

Question 138

Minimum number of independent directors on the board of Asset Management Company is

Options:

A.

50%

B.

60%

C.

75%

D.

66.67%

Question 139

The premium on all other riders put together should not exceed _____ of the premium on the base policy

Options:

A.

10%

B.

20%

C.

30%

D.

50%

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Exam Code: GLO_CWM_LVL_1
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Dec 27, 2024
Questions: 1057
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