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CTEP – Chartered Trust & Estate Planner® (CTEP®) Certification Examination

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Showing 1–3 of 20 questions

Question 1 (Volume C)

Which of the following is/are ancillary benefit(s) of Discretionary Family Trust?

C:\Pasban Work\Cert Paper Exams\AAFM\CTEP\sep 10\16337_U4M4_4676_image005.png

Select an option, then click Submit answer.

  • ○

    All except (i)
  • ○

    All except (ii)
  • ○

    Only (iii)
  • ○

    All of the above
Question 2 (Volume C)

The maximum limit of net wealth not chargeable to tax under provisions of the Wealth Tax Act,________ is Rs.___________ at present.

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  • ○

    1957; 10 Lakhs

  • ○

    1967; 15 Lakhs
  • ○

    1957; 15 Lakhs
  • ○

    1967; 25 Lakhs
Question 3 (Volume B)

Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs. 5000 per month. The income from such house property will be taxable in the hands of:

Select an option, then click Submit answer.

  • ○

    Mrs. Juneja

  • ○

    Vikrant. However income will be computed first as Mrs. Juneja’s income and thereafter clubbed in the income of Manish.

  • ○

    Vikrant, as he will treated as deemed owner & liable to pay tax

  • ○

    Anyone amongst both of them, whose income is greater.