AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 89 Topic 9 Discussion

AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 89 Topic 9 Discussion

CTEP Exam Topic 9 Question 89 Discussion:
Question #: 89
Topic #: 9

Scholarship received by a student was Rs. 2,000 per month. He spends Rs. 15,000 for meeting the cost of education during the year. The treatment for the balance amount Rs. 9,000 is:


A.

Taxable


B.

A casual income


C.

Exempt


D.

None of the above


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