Higher Test Marks with Free Online CTEP Exam Practice

Assess the CertsIQ’s updated CTEP exam questions for free online practice of your Chartered Trust & Estate Planner (CTEP) test. Our CTEP dumps questions will enhance your chances of passing the AAFM Certification certification exam with higher marks.

Exam Code: CTEP
Exam Questions: 475
Chartered Trust & Estate Planner (CTEP)
Updated: 02 Jun, 2025
Question 1

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


2 

Options :
Answer: B

Question 2

In US for 2013, the amount of the standard deduction is ______ for single individuals and married individuals filing separate returns

Options :
Answer: B

Question 3

X owns a piece of land situated in Varanasi (Date of acquisition : March 1, 1983, Cost of acquisition Rs. 20,000/- value adopted by Stamp duty authority at the time of purchase Rs. 45,000/-).On March 30, 2012 the piece of land is transferred for 4 lakh. Find out the capital gains chargeable to tax if the value adopted by the Stamp duty authority is 5.5 lakh. X does not dispute it. [CII-12-13: 852,11-12: 785,10-11:711]

Options :
Answer: A

Question 4

Mr. Sahil has two daughter and is in receipt of education allowance of Rs 200 per month for each of them. What would be the taxable allowance in the hands of Mr. Sahil for the full FY.

Options :
Answer: C

Question 5

The property of a female Hindu dying intestate shall devolve according to the rules set out in _________ of the Hindu Succession Act, 1956.

Options :
Answer: B

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