AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 281 Topic 29 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 281 Topic 29 Discussion

CWM_LEVEL_2 Exam Topic 29 Question 281 Discussion:
Question #: 281
Topic #: 29

Section B (2 Mark)

When the income of an individual includes Rs. 20000 as the income of his minor child in terms of section 64(1A), taxable income in this respect will be:


A.

Rs. 20000


B.

Rs. 15000


C.

Nil


D.

Rs. 18500


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