AAFM Certification CTEP Book

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

Question 69

If a trust is partner in a firm, the maximum rate of tax applicable is

30%

35%

40%

The provisions of maximum rate of income tax would not apply.

Question 70

As per Section 164(1) a trust for the benefit of an unborn person is liable to income tax at maximum rate of Income Tax, currently_________.

30%

40%

50%

Depends on the value of Trust