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Directions: In each of the questions given below an incomplete sentence which must be filled/completed with one of the sentences given below. Choose the correct option and complete the given sentences.
The interest earned in NRO account and credit balances are subject to respective income tax bracket and are also subject ............................
to applicable wealth and gift tax.
to applicable wealthy and gift tax.
to applicable wealth and gift taxation.
in applicable wealth and gift tax.
to application wealth and gift tax.
Correct Answer is (a). "to applicable wealth and gift tax." is grammatically and contextually correct here.
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