AAFM CTEP - Chartered Trust & Estate Planner® (CTEP®) Certification Examination

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

Which of the following are the necessary contents of a will?

US citizens or permanent resident who has established a foreign tax home and has met certain qualifications can elect to exclude annual foreign earned income up to _________from taxable income in 2013.

Assuming that Mr. Nitin leaves everything to surviving spouse. Shortly, thereafter Mrs. Shikha dies same year leaving an estate of $5 million. Find the value of estate available for children. Assume only for this question that there is no estate tax exemption amount and the funeral expenses are not paid out of the estate amount.

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

A Family consists of karta, his wife, four sons and their wives and children and their income is Rs. 1000000.If by family arrangement income and yield on property is settled on karta, his wife, sons & daughter in law than tax liability would be

Under the provisions of Section 6 of the Hindu Succession Act, 1956, where a Hindu male dies intestate on or after ______________, having at the time of his death an interest in a Mitakshara coparcenary property leaving behind a female heir of the class I category, then his interest in the coparcenary property shall devolve by succession under that Act and not by survivorship?

The current GST in UK is_____________.

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

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