Question

What is an example of Terminal Tax Benefit?

a.

Tax exemption on dividend income

b.

Tax on Dividend paid by a domestic company

c.

Withdrawal from a Public Provident Fund account

d.

Tax relief associated with periodic returns

Answer: (c).Withdrawal from a Public Provident Fund account Explanation:Withdrawal from a Public Provident Fund account is not subject to tax and is an example of Terminal Tax-Benefit.

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Q. What is an example of Terminal Tax Benefit?

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