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Question 64

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

Options:

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) nor (ii)

Question 65

A salaried individual, aged 45 years, was awarded a car of market value Rs. 6,50,000 by his credit card company in a draw on 20th December 2012. There was no TDS by the company. He has total income from salary of Rs. 8,45,000 in the previous year 2012-13. He saved a total of Rs. 1,80,000 under different investment instruments eligible for exemption u/s 80C and Rs. 25,000 was paid by him on 5th January, 2013 towards his health insurance policy. Find his tax liability for AY2013-14.

Options:

A.

Rs. 2,77,070/-

B.

Rs. 2,79,130/-

C.

Rs. 2,60,590/-

D.

Rs. 78,280/-

Question 66

With reference to the Hindu Marriage Law, which of the following statement(s) is/are correct?

Options:

A.

Both (i) and (iii)

B.

All of the above

C.

Both (ii) and (iii)

D.

None of the above

Question 67

Which of the following is another name for “True Lease”?

Options:

A.

Pre-Paid Purchase Lease

B.

Skip Lease

C.

Operating Lease

D.

Sub-Lease

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Exam Code: CTEP
Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
Last Update: Nov 21, 2024
Questions: 472
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