Free Online AAFM CTEP Practice Test

Prepare Your AAFM CTEP Exam Questions with Free online CTEP Practice Test. Get Brilliant Chartered Trust & Estate Planner (CTEP) Exam Results with Valid CTEP Exam Dumps.

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Total 475 Questions | Updated On: May 16, 2024

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Question 1

From the following information of assets assets and liabilities, the taxable wealth for:

A : Rs. 1,10,00,000 & Rs. 40,00,000 respectively

B : Rs. 1,00,00,000 & Rs. 40,00,000 respectively

C : Rs. 1,10,00,000 & Rs. 50,00,000 respectively

D : Rs. 70,00,000 & Rs. 40,00,000 respectively

Answer: A

Question 2

As per ______________ of Income Tax Act every member of the HUF before partition shall be jointly and severally liable for the tax on the income assessed of the HUF

A : Section 171[6]

B : Section 171[1]

C : Section 174[6]

D : Section 174[1]

Answer: A

Question 3

The Hire Purchase System is regulated by the Hire Purchase Act ________

A : 1972

B : 1982

C : 1962

D : 1952

Answer: A

Question 4

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

A : Only (i)

B : Only (ii)

C : Both (i) and (ii)

D : Neither (i) or (ii)

Answer: C

Question 5

The property of a female Hindu dying intestate shall devolve according to the rules set out in _________ of the Hindu Succession Act, 1956.

A : Section 15

B : Section 16

C : Section 17

D : Section 18

Answer: B

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Total 475 Questions | Updated On: May 16, 2024

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