Summer Special 60% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: bestdeal

Get Certified: Proven Methods to Pass the AAFM CTEP Exam

Questions 101

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

CTEP Question 101

Options:

A.

Both (i) and (ii)

B.

Only (i)

C.

Only (ii)

D.

Neither (i) nor (ii)

Buy Now
Questions 102

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

CTEP Question 102

Options:

A.

Neither (i) or (ii)

B.

Both (i) and (ii)

C.

Only (i)

D.

Only (ii)

Buy Now
Questions 103

________________ is a popular mode of transfer of property to God or Almighty, under the Mohammedean Law.

Options:

A.

SheBaitsor Trust

B.

Mutawali Trust

C.

Dedicated Trust

D.

Waqf

Buy Now
Questions 104

A Diety is entitled to initial exemption of __________________ in respect of its income.

Options:

A.

Rs 1,00,000

B.

Rs 1,50,000

C.

Rs. 2,50,000

D.

None of the above

Buy Now
Questions 105

Which of the following structure of Unborn Trust is not valid?

Options:

A.

A minor creating Trust for Would-be-Husband

B.

An unmarried person creating trust for Would-be-Mother-in-Law

C.

A married person creating trust for Would-be-Daughter

D.

Both a and b

Buy Now
Questions 106

For Registration of Charitable Trust an application should be submitted with Covering Letter, Court Stamp of ___________ and Certified True Copy of Trust Deed. The application should be made within _________ of creation of Trust. The application should be in Form as specified in _____________ under ____________ and duly notarized.

Options:

A.

Rs.1, 1 month, Schedule I, Rule 1

B.

Rs.10, 1 month, Schedule II, Rule 1

C.

Rs.2, 3 months, Schedule II, Rule 6

D.

Rs.100, 3 months, Schedule I, Rule 2

Buy Now
Questions 107

Which of the following is/are advantage(s) of Trust?

CTEP Question 107

Options:

A.

Neither (i) or (ii)

B.

Both (i) and (ii)

C.

Only (i)

D.

Only (ii)

Buy Now
Questions 108

The application for Registration of Trust has to be made in the prescribed Form No. _______________ to the Chief Commissioner of Income Tax or the Commissioner of Income Tax of the area concerned.

Options:

A.

Form 1A

B.

Form 1B

C.

Form 10A

D.

Form 10B

Buy Now
Questions 109

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

CTEP Question 109

Options:

A.

Only (i)

B.

Neither (i) or (ii)

C.

Both (i) and (ii)

D.

Only (ii)

Buy Now
Questions 110

Which of the following is/are ancillary benefit(s) of Discretionary Family Trust?

CTEP Question 110

Options:

A.

All except (i)

B.

All except (ii)

C.

Only (iii)

D.

All of the above

Buy Now