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GLO_CWM_LVL_1 Exam Dumps : Chartered Wealth Manager (CWM) Global Examination

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Chartered Wealth Manager (CWM) Global Examination Questions and Answers

Question 1

You buy a new computer for your business costing approximately Rs. 5,000. You expect a salvage value of Rs. 1000 selling parts when you dispose of it. Your business has upgraded its hardware every four years, so you think this is a more realistic estimate of useful life, since you are apt to dispose of the computer at that time. Calculate the amount of depreciation using straight line method?

Options:

A.

1000

B.

2000

C.

1500

D.

3500

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Question 2

Any income chargeable under the based "Salaries" is exempt from tax under Section 10(6)(viii), if it is received by any non resident individual as remuneration for services rendered in connection with his employment in a foreign ship where his total stay in India does not exceed a period days in that previous year.

Options:

A.

90

B.

182

C.

60

D.

120

Question 3

Which one of the following sections of the Transfer of Property Act, defines ’Notice’

Options:

A.

Section 2

B.

Section3

C.

Section 5

D.

Explanation H of Section 3