Online Access Free CTEP Exam Questions

An Oral Trust is deemed to be a written trust if a statement in writing is forwarded to the
Assessing Officer within _________________ from the date of declaration of the trust.

• A.1 year
• B.6 months
• C.9 months
• D.3 months

_____________ of Income Tax Act,1961 defines the Right of an Executor to recover tax paid.

• A.Section 62
• B.Section 169
• C.Section 69
• D.Section 162

Which of the following statement(s) about Employee Provident fund is/are correct?

• A.None of the above
• B.All of the above
• C.Only (ii) and (iv)
• D.Only (i) and (iii)

Which of the following is allowed as deduction from net annual value of a property?

• A.Insurance premium
• B.Repairs & collection charges
• C.All the above
• D.Interest on loan borrowed for repairs

The Hire Purchase System is regulated by the Hire Purchase Act ________

• A.1982
• B.1972
• C.1962
• D.1952