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Question 8

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

Options:

A.

Only (i)

B.

Neither (i) or (ii)

C.

Only (ii)

D.

Both (i) and (ii)

Question 9

During the PY 2008-09 a charitable trust earned an income of Rs. 5 lakh out of which Rs. 3 lakh was received during the PY 2008-09 and the balance Rs. 2 lakh was received during the PY 2010-2011.To claim full exemption of Rs. 5 lakh in the PY 2008-09, state:

Options:

A.

Rs.75,000 ; Rs2,25,000 ; Rs.2,00,000; 31st March 2012

B.

Rs.75,000 ; Rs 2,25,000 ; Rs.2,00,000; 31st December 2012

C.

Rs.1,25,000 ; Rs. 2,00,000; Rs. 2,25,000; 31st March 2012

D.

Rs.1,25,000 ; Rs. 2,00,000; Rs. 2,25,000; 31st December 2012

Question 10

A father and his _________________ can also form an HUF.

Options:

A.

Married Daughters

B.

Unmarried Daughters

C.

Married Sons

D.

Unmarried Sons

Question 11

There are ____________ possible ways of Transferring Property.

Options:

A.

Three

B.

Four

C.

Five

D.

Six

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Exam Code: CTEP
Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
Last Update: Dec 22, 2024
Questions: 472
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