Free AAFM GLO_CWM_LVL_1 Exam Actual Questions

The questions for GLO_CWM_LVL_1 were last updated On Nov 7, 2024

Question No. 1

Mr. Sahil has two daughters and is in receipt of education allowance of Rs 200pm for each of them. What would be the taxable allowance in the hands of Mr. Sahil for the full FY.

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Correct Answer: C

Question No. 2

A doctor has taken a professional indemnity Policy on 01/06/2003 and has been continuously renewing it. In August, 2006 he operated on an infant child. But that operation failed. The parent of child filed a law suit against doctor in Sept, 2006. Which of the following statement is true in respect of the claim?

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Correct Answer: A

Question No. 3

Which of the following is a secondary identifier _______.

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Correct Answer: B

Question No. 4

Which of the following is not true in respect of the conditions essential for taxing income under the head income from House Property?

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Correct Answer: B

Question No. 5

A Family consists of karta, his wife four sons and their wires and children and its income is Rs. 1000000 if by family arrangement income yield property is settled on karta his wife and sons & daughter in law than tax liability would be

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Correct Answer: A