CTEP Exam Dumps - Chartered Trust & Estate Planner® (CTEP®) Certification Examination
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X furnishes the following particulars for the compilation of his wealth-tax return for assessment year 2012-13.
Calculate the amount on which Wealth Tax is Payable.
Tax rate on foreign sourced income in Singapore is ____ to _______ subject to conditions.
During the PY 2008-09 a charitable trust earned an income of Rs. 5 lakh out of which Rs. 3 lakh was received during the PY 2008-09 and the balance Rs. 2 lakh was received during the PY 2010-2011.To claim full exemption of Rs. 5 lakh in the PY 2008-09, state:
Under the provisions of _________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.
Under ___________ of Income Tax Act,1961, partial partitions will not be recognized for tax purposes.