1.

As we all know, the limit of exemption on personal income tax has been raised by Rs. 10,000. Whenever a relief in direct taxes is given, the underlying motive is always to make money available for which of the following purposes ? Savings Investment for High returns Personal Consumption

A. Only 1
B. Only 2
C. Only 1 and 3
D. Only 2 and 3
E. None of these
Answer» D. Only 2 and 3


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