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AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 266 Topic 27 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 266 Topic 27 Discussion

GLO_CWM_LVL_1 Exam Topic 27 Question 266 Discussion:
Question #: 266
Topic #: 27

Expenditure incurred by an employer on medical treatment and stay abroad of the employee shall not be taxed in the case of ___________.


A.

an employee whose gross total income before including the said expenditure does not exceed Rs. 2 lakhs.


B.

an employee whose income under the head “Salaries” exclusive of all monetary perquisites does not exceed Rs. 2 lakhs,


C.

an employee whose income under the head “Salaries” exclusive of allnon-monetary perquisites does not exceed Rs. 2 lakhs,


D.

all employees irrespective of their amount of gross total income/the amount of income under the head “Salaries”.


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