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Commerce · Q753

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 753

Q753

Match the items of List-I with the items of List-II and choose the correct answer from the options given below. List-I List-II a. Compensation received by an employee from his employer on termination of job 1. Exemption upto specified limit b. Pension received by the widow of an employee 2. Profits in lieu of salary c. Foreign allowance for rendering services abroad 3. Income from other abroad sources d. Children hostel allowance 4. Fully exempt from tax

Match the items of List-I with the items of List-II and choose the correct answer from the options given below.
List-I List-II
a. Compensation received by an employee from his employer on termination of job 1. Exemption upto specified limit
b. Pension received by the widow of an employee 2. Profits in lieu of salary
c. Foreign allowance for rendering services abroad 3. Income from other abroad sources
d. Children hostel allowance 4. Fully exempt from tax
A.
a-3, b-4, c-2, d-1
B.
a-2, b-3, c-4, d-1
Answer
C.
a-2, b-4, c-3, d-1
D.
a-4, b-3, c-1, d-2

Answer: Option B

Solution

Answer: Option B
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