AAFM Exam GLO_CWM_LVL_1 Topic 1 Question 52 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 52
Topic #: 1

"During the PY 2009-10 a Poonawala Charitable Trust earned an income of Rs. 7 lakh out of which Rs.5 lakh was received during the PY 2009-10 and the balance Rs. 2 lakh was received during the PY 2011-2012.In order to claim full exemption of Rs. 7 lakh in the PY 2009-10:

ARs 1.05 lakh and Rs 4.95 lakh

BRs 70,000 and Rs 3.95 lakh

CRs 1.05 lakh and Rs 3.95 lakh

DRs 70,000 and Rs 4.30 lakh

Show Suggested Answer

Suggested Answer: C

by Alecia at Oct 24, 2022, 11:21 PM

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