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

Question 53

Estate Tax in India is _______

Nil

10%

30%

Tax Rate depends on the estate value

Question 54

The selling/ planning process has __________ steps.

Four

Five

Seven

Eight

Question 55

Which of the following is/are essential(s) of a valid Charitable or Religious Trust?

All of the above

Only (ii) and (iii)

All except (iv)

Only (i) and (iv)

Question 56

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

1957; 10 Lakhs

1967; 15 Lakhs

1957; 15 Lakhs

1967; 25 Lakhs