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CTEP Exam Dumps : Chartered Trust & Estate Planner (CTEP) Certification Examination

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Chartered Trust & Estate Planner (CTEP) Certification Examination Questions and Answers

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Question 1

Which of the following statement is true?

Exhibit:

Options:

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) nor (ii)

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Question 2

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:

Options:

A.

Mrs. Juneja

B.

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

C.

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

D.

Anyone amongst both of them, whose income is greater.

Question 3

Which of the following statement(s) about codicil is/are correct?

Options:

A.

Only (i)

B.

Both (i) and (iv)

C.

(i),(ii),(iii) and (iv)

D.

(i),(iii) and (iv)

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