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AAFM Certification CTEP Exam Dumps

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Question 68

Incase of Divorce by mutual consent, on the motion of both the parties made not earlier than __________ after the date of the presentation of the petition and not later than____________ after the said date, if the petition is not withdrawn in the meantime, court shall, on being satisfied on all grounds pass a decree of divorce declaring the marriage to be dissolved with effect from the date of the decree.

Options:

A.

6 months, 12 months

B.

6 months,18 months

C.

12 months, 18 months

D.

12 months, 24 months

Question 69

Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs. 5000 per month. The income from such house property will be taxable in the hands of:

Options:

A.

Mrs. Juneja

B.

Vikrant. However income will be computed first as Mrs. Juneja’s income and thereafter clubbed in the income of Manish.

C.

Vikrant, as he will treated as deemed owner & liable to pay tax

D.

Anyone amongst both of them, whose income is greater.

Question 70

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

Options:

A.

Only (i)

B.

Only (ii)

C.

Neither (i) nor (ii)

D.

Both (i) and (ii)

Page: 17 / 17
Exam Code: CTEP
Exam Name: Chartered Trust & Estate Planner (CTEP) Certification Examination
Last Update: Mar 29, 2024
Questions: 472
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