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AAFM GLO_CWM_LVL_1 Dumps Questions Answers

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Chartered Wealth Manager (CWM) Global Examination Questions and Answers

Questions 1

Mr. M is an area manager of M/s Allwin Ltd. During the financial year 2007-08, he gets the following emoluments from his employer:

GLO_CWM_LVL_1 Question 1

Compute taxable salary of Mr. M for the Assessment year 2008-09.



Rs. 2,75,000


Rs. 3,09,850


Rs. 2,48,800


Rs. 3,53,000

Questions 2

Vinod joined on 01/01/90 in ABC Ltd. and retired on 01/01/2007.Employee paid leave encashment of Rs. 4,00,000/-. His last drawn salary is Rs. 25000/-. His last 10 months average salary is 23500/-. He availed 150 days leave during the service. What will be his taxable leave salary amount?










Questions 3

X owns a piece of land situated in Varanasi ( Date of acquisition : March 1, 1983, Cost of acquisition Rs. 20,000/- value adopted by Stamp duty authority at the time of purchase Rs. 45,000/-) On March 30, 2012 the piece of land is transferred for 4 lakh. Find out the capital gains chargeable to tax if the value adopted by the Stamp duty authority is 5.5 lakh. And X does not dispute it. [CII-12-13: 852,11-12: 785,10-11:711]



Rs. 4,05,963/-


Rs. 3,45,963/-


Rs. 3,80,963/-


Rs. 4,15,963/-

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