Winter Sale Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: v4s65

CTEP Exam Dumps - Chartered Trust & Estate Planner® (CTEP®) Certification Examination

Go to page:
Question # 33

In US for year 2013, Grandparent care giver relief is ___________ and Course fee relief is __________.

A.

$7,000; $4,500

B.

$3,000; $5,500

C.

$6,360; $4,080

D.

$1,500; $3,000

Full Access
Question # 34

Mr. Shikar wants to invest his savings in an account that pays an interest rate of 9.25% p.a. compounded annually at different ages of his son whose current age is 4 years. Please calculate for him the Future Value of these investments when his son turns 18.

A.

Rs. 21,77,626

B.

Rs. 23,79,057

C.

Rs. 27,97,057

D.

Rs. 33,79,057

Full Access
Question # 35

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

A.

Only (i)

B.

Only (ii)

C.

Both

D.

None of the above

Full Access
Question # 36

For tax year 2013, AMT rate is _______ up to $175,000 of Alternative Minimum Taxable Income (AMTI).

A.

20%

B.

22%

C.

25%

D.

26%

Full Access
Question # 37

The Hindu Succession (Amendment Act),2005 amended ____________ of the Hindu Succession Act,1956 allowing daughters of the deceased equal rights with the sons.

A.

Section 6

B.

Section 8

C.

Section 2

D.

Section 4

Full Access
Question # 38

The Indian Succession Act came into operation on ______________________

A.

30th September 1935

B.

30th November 1925

C.

30th September 1925

D.

None of the above

Full Access
Question # 39

In case of __________ trust there is no Inheritance Tax if the settlor survives for _________ years.

A.

Absolute, Three

B.

Absolute, Seven

C.

Discretionary, Three

D.

Discretionary, Seven

Full Access
Question # 40

Which of the following device(s) may prove useful in reducing the tax incidence in the case of HUF?

A.

All of the above

B.

Both (i) and (ii)

C.

Both (ii) and (iii)

D.

Only (iii)

Full Access
Go to page: