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

As per ______________ of the Indian Trust Act, the subject matter of a trust must be properly transferable to the beneficiary.

A trust is a relationship between____________ parties.

In order to form a Society, at least ___________ persons are required.

______________ of the Income Tax Act provides for the registration of a Charitable Trust. _____________ of the Income Tax Act contains the provision that the profits and gains of the business carried on by a charitable trust would be fully exempt from tax if it is attains the objects of the trust.

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

According to ________________ of the Indian Trusts Act, a Trust may be created for any lawful purpose.

The maximum limit of net wealth not chargeable to tax under provisions of the Wealth Tax Act,________ is Rs.___________ at present.

A Discretionary Trust can be formed for the benefit of ________________________

A Public charitable or religious institution can be formed either as a Trust or as a Society or as a Company registered under _____________ of the Companies Act.

Wealth Tax is charged at _________ the amount by which the net amount exceeds Rs. ____________________