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AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 221 Topic 23 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 221 Topic 23 Discussion

GLO_CWM_LVL_1 Exam Topic 23 Question 221 Discussion:
Question #: 221
Topic #: 23

A Family consists of karta, his wife four sons and their wires and children and its income is Rs. 1000000 if by family arrangement income yield property is settled on karta his wife and sons & daughter in law than tax liability would be


A.

Nil


B.

100000


C.

Calculated as per income tax Act 1961


D.

None of the above


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