Pass the AAFM Certification CTEP Questions and answers with ExamsMirror

You are an Estate Planner. Mr. Arun Mittal is your client. He is inquisitive to know about Trusts. You explain him that on the basis of intention, Trust is of ____________ types and on the basis of Purpose, Trust is of __________ types. He further asks you that which of these are the requisites for the creation of a Trust out of these

What will be your reply to all of the above questions?

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

As per Section 3 of the Indian Trusts Act, a person who declares the confidence is called ____________ of the Trust.

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

Is there any default for not/late filling of wealth tax returns?

Which of the following trusts is considered invalid by the courts?

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

A trust created under the Married Woman Property Act, is an example of ________________.

Which of the following statement(s) about ‘Kiddie Tax’ is/are correct?

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 ____________.