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CWM_LEVEL_2 – Chartered Wealth Manager (CWM) Certification Level II Examination

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Showing 19–20 of 20 questions

Question 19

Section A (1 Mark)

Deduction under section 80-IC is allowed to the extent of:

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    100% of profits and gains for ten assessment years

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    100% of profits and gains for ten assessment years in case of any undertaking or enterprise in the States of Sikkim or North Eastern Region and 50% in case of undertaking in Uttaranchal and Himachal Pradesh

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    100% of profits and gains for ten assessment years in case of an undertaking or enterprise in the States of Sikkim or North Eastern States and 100% of profits and gains for the first 5 assessment years and 25% (30% in case of companies) for next 5 assessment years.

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    None of These


Question 20

Section A (1 Mark)

The information in your credit report is primarily used by the credit bureau to compute your

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    Debt to equity ratio

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    CIBIL score

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    Debt payment to income ratio

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    Liquidity ratio