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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

Question 1

Choose the amount of final tax liability of Mr. Raj for the assessment year 2007-08:

Tax slab for male / HUF(for AY 2007-08)

Rs. 0 to 100000 — No Income Tax

Rs. 1,00,001 to 1,50,000 — 10%

Rs. 150001 to 2,50,000 — 20%

Rs. 2,50,001 and above — 30%

Note: A surcharge of 10% on income tax amount is payable if total income is exceeding Rs. 10,00,000 and a 2% education cess is payable on the income tax amount and surcharge.

Options:

A.

Rs.17,100

B.

Rs.17,442

C.

Rs.15,700

D.

Rs.16,014

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Question 2

In ____________ the parties have the right to withdraw from the contract as long as the parties do not leave the place of contract. In___________ the buyer could cancel the sale if the seller has sold the goods at price higher than the market price.

Options:

A.

Khiyar al Royat, Khiyar al Wasf

B.

Khiyar al Tayin, Khiyar al Shart

C.

Khiyar al Aib, Khiyar-e-Naqad

D.

Khiyar-e-Majlis, Khiyar al Ghabn

Question 3

Money-Laundering process has __________ stages.

Options:

A.

Two

B.

Three

C.

Four

D.

Infinite