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

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Chartered Trust & Estate Planner (CTEP) Certification Examination Questions and Answers

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Question 1

You have just started your Estate Planning firm. Your friend who is into Estate Planning since 5 years explains you that an Ideal Estate Planning Prospect is one who is aged ___ or over and are _______________.

Options:

A.

30, Married with Children

B.

30, Married with no children

C.

35, Married with Children

D.

35, Married with no Children

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Question 2

Mr. Dinesh is transferred to Delhi and is paid a shifting allowance of Rs.20,000 by his employers out of which he spends Rs.18,000 for shifting his family and personal effects. Which of the following is true?

Options:

A.

The whole of Rs.20,000 is exempt as a casual receipt

B.

The whole of Rs.20,000 is exempt under section 10(14)

C.

Rs.18,000 is exempt from tax under Section 10(14)

D.

Rs.18,000 is exempt as a casual receipt

Question 3

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

Options:

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) or (ii)

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