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Question 1

The Gift Tax Act came into force on _________________ and was deleted vide the Finance Act,__________.

A : 1st April 1958;1998

B : 1st April 1958;2008

C : 31st March 1958;1998

D : 31st March 1958;2008

Answer: A

Question 2

The goals of Estate Planning can be broadly divided into_______ categories.

A : Two

B : Three

C : Four

D : Five

Answer: A

Question 3

Which of the following is/are the neccessary contents of a will?

A : I, II and III

B : I, III and IV

C : I, II and IV

D : All of these

Answer: B

Question 4

Which of the following statements regarding Stamp Duty is/are correct?

A : Only (i) and (ii)

B : Only (ii) and (iii)

C : All of the above

D : Only (i) and (iv)

Answer: C

Question 5

Topic 3, Volume C

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 : 3 months

B : 6 months

C : 9 months

D : 1 year

Answer: A

Name:	Chartered Trust & Estate Planner (CTEP)
Exam Code:	CTEP
Certification:	AAFM Certification
Vendor:	AAFM
Total Questions:	475
Last Updated:	Feb 20, 2026

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