All CTEP Test Inside AAFM Questions

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

Question 17

Which of the following statement(s) about Hindu Adoption and Maintenance Act, 1956 is/are correct?

Options:

Only (i)

Only (ii)

Both (i) and (ii)

Neither (i) nor (ii)

Question 18

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:

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.

Question 19

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

Options:

Only (i)

Only (ii)

Both of the above

None of the above

Question 20

Hire Purchase System was developed in ___________. Hire purchases are commonly used by businesses (including companies, partnerships and sole traders) in ________ to fund the purchase of cars, commercial vehicles and other business equipment.

Options:

United Kingdom, Australia

India, Malaysia

United States, United Kingdom

Australia, India

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

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