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Selected CTEP AAFM Certification Questions Answers

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Question 44

Under ______________, deduction (special exemptions) in respect of donations to certain funds, charitable institutions etc. is granted. In order to be eligible under this section, the charitable trust/institutions need to obtain a valid certificate by making an application to them on ____________.

Options:

A.

Section 80G, Form 10G

B.

Section 80GGC, Form 10G

C.

Section 80U, Form 10A

D.

Section 80CCG,Form 10A

Question 45

Which of the following statements about Discretionary Trust is/are correct?

Options:

A.

Both (i) and (ii)

B.

Only (i)

C.

Only (ii)

D.

Neither (i) nor (ii)

Question 46

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

Options:

A.

All of the above

B.

All except (i)

C.

All except (iii)

D.

Only (ii)

Question 47

Which of the following cannot be transferred with the help of Trust?

Options:

A.

Real Estate

B.

Stock Shares

C.

Annuities

D.

None of the above

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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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