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Questions 121

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

CTEP Question 121

Options:

A.

Both (i) and (iii)

B.

All of the above

C.

All except (iii)

D.

Only (i)

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Questions 122

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

CTEP Question 122

Options:

A.

Only (i)

B.

Neither (i) or (ii)

C.

Only (ii)

D.

Both (i) and (ii)

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Questions 123

The Hindu Succession (Amendment Act), 2005 came into force from _______________.

Options:

A.

29th September,2005

B.

9th September,2003

C.

9th September,2005

D.

29th September,2003

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Questions 124

In ________ the Income Tax Act was imposed, which was based on the Model Colonial Territories Income Tax Ordinance ________, which was devised for British colonies at that time.

Options:

A.

1947, 1922

B.

1948, 1922

C.

1948, 1947

D.

1947, 1922

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Questions 125

Where an estate is liable to Inheritance Taxes, the tax is usually payable within ________________ of the end of the month in which the death occurred. If it becomes overdue, the amount owing may incur interest, currently at ___________ (as at April 2012).

Options:

A.

Six months, 3% p.a.

B.

Three months, 6% p.a.

C.

Six months, 6% p.a.

D.

Three months,3% p.a.

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Questions 126

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

CTEP Question 126

Options:

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) or (ii)

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Questions 127

In India where the Registration Act, 1908 is in force, the Power of Attorney should be authenticated by a______________.

Options:

A.

Sub-Registrar

B.

Registrar

C.

Either of a or b

D.

Notary

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Questions 128

Which of the following is/are difference between Dayabhaga HUF and Mitakshara HUF?

CTEP Question 128

Options:

A.

Only (i)

B.

Both (i) and (ii)

C.

Only (ii)

D.

Neither (i) or (ii)

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Questions 129

There are two parties to Power of Attorney, namely, Donor and Donee.

CTEP Question 129

Options:

A.

Both (i) & (ii) are correct

B.

Only (i) is correct

C.

Only (ii) is correct

D.

Both (i) & (ii) are incorrect

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Questions 130

The current GST rate in Singapore is __________.

Options:

A.

17%

B.

13%

C.

7%

D.

15%

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