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 CTEP Dumps with Practice Exam Questions Answers

Questions: 472 questions

Last Update: Mar 29, 2024

AAFM Certification Exam CTEP has been designed to measure your skills in handling the technical tasks mentioned in the certification syllabus

CTEP Exam Last Week Results!

20

Customers Passed
AAFM CTEP

92%

Average Score In Real
Exam At Testing Centre

85%

Questions came word by
word from this dump

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CTEP Questions and Answers

Question # 1

________________ is a popular mode of transfer of property to God or Almighty, under the Mohammedean Law.

A.

SheBaitsor Trust

B.

Mutawali Trust

C.

Dedicated Trust

D.

Waqf

Question # 2

Private Sector hospitals, which are formed under a trust as a society, would be exempt from the tax if the annual receipts of such hospital or institution do not exceed _______________ as per Section 10(23(C).

A.

1 crore

B.

50 Lakhs

C.

10 crores

D.

10 Lakhs

Question # 3

A person purchased certain property in the name of his minor son and subsequently resold it while the son was minor. This sale is ___________________

A.

Not void, if the consent of the minor was taken.

B.

Is valid if the court permission was taken under Section 8 of the Hindu Minority and Guardianship Act,1956

C.

Is valid if the court permission was taken under Section 18 of the Hindu Minority and Guardianship Act,1956

D.

Not void, as the Person who is selling is the caretaker of the property.

Question # 4

Which of the following is an essential condition for obtaining exemption of the income of a Charitable Trust?

A.

Neither (i) or (ii)

B.

Both (i) and (ii)

C.

Only (i)

D.

Only (ii)

Question # 5

The Gift Tax Act came into force on _________________ and was deleted vide the Finance Act,__________.

A.

1st April 1958;1998

B.

1st April 1958;2008

C.

31st March 1958;1998

D.

31st March 1958;2008