McqMate
| Q. |
Children education allowance is ____________ |
| A. | Exempt upto lower of the amount actually spent or the prescribed limits. |
| B. | Exempt fully to the extent actually spent or the prescribed limits |
| C. | Exempt to the extent of lower of allowance received or the lump sum amount prescribed, irrespective of actual expenditure. |
| D. | Fully taxable |
| Answer» C. Exempt to the extent of lower of allowance received or the lump sum amount prescribed, irrespective of actual expenditure. | |
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