CWM_LEVEL_2 Exam Question 66

Section B (2 Mark)
Ramesh living in Kolkata is a trustee for Brijesh living in Mumbai, Ramesh remits trust funds to Brijesh by bills drawn by a person of high creditworthiness in favor of the trustee as such and payable at Mumbai. The bills later got dishonored. Is Ramesh bound to make good the loss?
  • CWM_LEVEL_2 Exam Question 67

    Section A (1 Mark)
    A ____________________ tax system places a relatively large tax burden on upper-income people and a relatively small tax burden on lower-income people.
  • CWM_LEVEL_2 Exam Question 68

    Section A (1 Mark)
    In reality, when risk and uncertainty or incomplete information about an alternative or high degree of complexity is introduced, people or organizations may be have somewhat different from rationality. This is called ___________.
  • CWM_LEVEL_2 Exam Question 69

    Section A (1 Mark)
    One of the tax exemption under avoidance of Double Taxation is U/S Sec 10(6)(ii) for exemption on income received by the diplomats, ambassador, etc
  • CWM_LEVEL_2 Exam Question 70

    Section A (1 Mark)
    Which of the followings are the important features of Real estate Investment?
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