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AAFM Exam CTEP Topic 5 Question 58 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 58
Topic #: 5
[All CTEP Questions]

Find out the taxable value of perquisite from the following particulars in case of an employee to whom the following assets held by the company were sold on 1.8.2012.

The assets were put to use by the company from the day they were purchased.

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Suggested Answer: A

by Lizette at Jan 12, 2025, 01:31 AM

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Arminda
2 months ago
Hmm, let's see... if the company buys the assets back at a discount, does that mean the employee gets a bonus? This sounds like a win-win situation to me!
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Tammara
15 days ago
Employee: That's good to know, thanks for the info!
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Corrina
19 days ago
Employee 2: I think it's either Rs. 82,170 or Rs. 92,850.
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Charlette
1 months ago
Employee: I wonder how much the taxable value of the perquisite will be.
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Charlena
2 months ago
Wait, the company is selling the employee their own assets? Talk about a workplace perk - I want in on that deal!
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Jess
2 months ago
This question is making my head spin. Maybe the company should just give the employee a nice vacation instead of all these assets!
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Gaston
28 days ago
No, I believe the answer is Rs. 82,170.
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Sabra
1 months ago
I think the answer might be Rs. 92,850.
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Melita
1 months ago
I agree, this question is really confusing.
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Jamie
2 months ago
I bet the person who wrote this question is an evil genius, trying to trick us with all these numbers. I'm going with option C just to be safe.
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Flo
11 days ago
I agree with you, option C seems like the safest choice.
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Brynn
13 days ago
I'm not sure, but I'll go with option D.
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Kristofer
21 days ago
I'm leaning towards option B, it seems more reasonable.
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Dan
2 months ago
I think option A is the correct answer.
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Twana
2 months ago
Looks like we need to do some calculations to figure this one out. Better get my calculator ready!
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Erinn
2 months ago
I agree with Fabiola, I also think it is Rs. 92,850 based on the information provided.
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Kallie
2 months ago
Hmm, I'm not an accountant, but I think option B looks like the right answer. Selling those company assets to the employee seems like a pretty sweet perk!
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Kimbery
2 months ago
Yeah, selling company assets to the employee at a discounted rate is definitely a great benefit. Option B it is!
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Curt
2 months ago
I agree, option B does seem like the correct answer. It's definitely a nice perk for the employee.
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Fabiola
2 months ago
I disagree, I believe it is Rs. 92,850 because the assets were put to use by the company.
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Mable
2 months ago
I think the taxable value of perquisite is Rs. 82,170.
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