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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

Mukul purchased a flat on 1-4-1996 for Rs. 10,00,000/-. He sells the same flat on 1-10-2006 for Rs. 25,00,000/-. Please calculate the Indexed Cost of Acquisition on which capital gain would be calculated. (The CII of year 1995-96 is 281, for year 1996-97 is 305, for year 2005-06 is 497 and for year 2006-07 is 519).

Options:

A.

Rs.17,85,129

B.

Rs.17,26,175

C.

Rs. 17,01,639

D.

Rs.17,45,508

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Question 2

For claiming exemption u/s 54G, the assessed shall acquire the new asset within:

Options:

A.

2 years from the date of transfer

B.

3 years from the date of transfer

C.

one year before or 2 years after the date of transfer

D.

one year before or 3 years from the date of transfer

Question 3

Which of the following statement(s) about Power of Attorney (POA) is/are correct?

Options:

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) or (ii)

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