GLO_CWM_LVL_1 Exam Question 11
A hired a bicycle from B. The written contract contained a clause which read "Nothing in this agreement shall render the owner liable for any personal injuries to the rider of the machine hired". Owing to a defect in the brakes of the cycle, A met with an accident and got injured. Can A recover Damages?
GLO_CWM_LVL_1 Exam Question 12
Sum received by an individual as a member of an HUF from the family income is:
GLO_CWM_LVL_1 Exam Question 13
Expenditure incurred in carrying out illegal business is-
GLO_CWM_LVL_1 Exam Question 14
Omar wants to make a gift of Rs. 10000 in today's terms to his parents at the end of each of next 10 years. If the annual rate of return is 8% and inflation is 3%, what is the value of funds he must have in hand today to meet this need for the 10 year period?
GLO_CWM_LVL_1 Exam Question 15
Income from which trust is added to the beneficiary's taxable income?