CLAT Sample Paper CLAT Sample Paper-2

  • question_answer
    Union Government of India granted service tax exemption on the services of life insurance business provided under which of the following schemes?

    A)  Aam Aadmi Bima Yojana

    B)  Janashree Bima Yojana

    C)  Jeevan Bima Yojana

    D)  Both 'a' and ?b'

    Correct Answer: D

    Solution :

    The grant of tax exemption save the money of the government as the Central Government contribution towards premium in two schemes is 50% and rest is contributed by State Governments.

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