Chartered Trust & Estate Planner (CTEP) Certification Examination (CTEP) - AAFM Exam Questions

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the date of the presentation of the petition and not later than____________ after the said date, if the petition is not withdrawn in the meantime, court shall, on being satisfied on all grounds pass a decree of divorce declaring the marriage to be dissolved with effect from the date of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.

A Deposit of a Will is ____________________

From the following information of assets assets and liabilities, the taxable wealth for:

Mr. Sumit is an employee of Genesis Ltd. His basic pay is Rs.24,000 p.a., Dearness Allowance
Rs.12,000 p.a; Medical Allowance (fixed) Rs.10,000 p.a.; Conveyance Allowance Rs.6,000 p.a.;
Professional Tax deducted from his salary Rs.1,000 p.a.; Free lunch provided during office hours
valued at Rs.12,000 for a 300-working day year; free education for two children in a school owned
and maintained by the employer – school tuition fee for both the children is estimated at Rs.18,000
p. a.

What is Net Income of Mr. Sumit and examine whether he is a specified or non-specified employee?

Socities Registration Act has Registration and Fee of Society.