AAFM Exam CTEP Topic 4 Question 35 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 35
Topic #: 4

[All CTEP Questions]

Wealth Tax is charged at _________ the amount by which the net amount exceeds Rs. ____________________

A1%; 15 Lakhs

B1%; 25 Lakhs

C2%;10 Lakhs

D2%, 15 Lakhs

Show Suggested Answer

Suggested Answer: A

by Jesusita at Mar 05, 2024, 06:12 PM

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8 days ago

I'm pretty sure it's 2% on the amount exceeding 15 Lakhs, so I'll go with option D.

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14 days ago

Hmm, I'm not sure now. Maybe we should double check the tax regulations before the exam.

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19 days ago

I disagree, I believe it is charged at 2% if the net amount exceeds Rs. 15 Lakhs.

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23 days ago

I think the Wealth Tax is charged at 1% if the net amount exceeds Rs. 25 Lakhs.

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