Pass the AAFM AAFM Certification CTEP Questions and answers with CertsForce

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Viewing questions 11-20 out of questions
Questions # 11:

In UK, for year 2013-2014, Blind Person’s allowance is ___________ and minimum amount of married couple’s allowance is __________.

Options:

A.

£2,610; £3,400


B.

£2,160; £3,040


C.

£2,100; £2,960


D.

£1,980; £2,800


Expert Solution
Questions # 12:

Goods and Services Tax (GST) was introduced in Singapore in ____________

Options:

A.

2002


B.

2012


C.

1992


D.

1994


Expert Solution
Questions # 13:

A Family consists of karta, his wife, four sons and their wives and children and their income is Rs. 1000000.If by family arrangement income and yield on property is settled on karta, his wife, sons & daughter in law than tax liability would be

Options:

A.

Nil


B.

100000


C.

Calculated as per income tax Act 1961


D.

None of the above


Expert Solution
Questions # 14:

Where a registered grant-making philanthropic organization contravenes any regulation made under subsection (18A), being a regulation prescribed as one to which this subsection applies ,the organization shall be liable to pay to the Comptroller a financial penalty of the higher of _______ and the amount ascertained by the formula: ______ X the total amount of donation to which the contravention relates.

Options:

A.

$1000, 0.4


B.

$1000, 0.6


C.

$100, 0.4


D.

$100, 0.6


Expert Solution
Questions # 15:

What is the full form of EITC?

Options:

A.

Earned Income Tax Credit


B.

Earned Income Taxable Credit


C.

Either of a or b


D.

None of the above


Expert Solution
Questions # 16:

Under the provisions of Section 6 of the Hindu Succession Act, 1956, where a Hindu male dies intestate on or after ______________, having at the time of his death an interest in a Mitakshara coparcenary property leaving behind a female heir of the class I category, then his interest in the coparcenary property shall devolve by succession under that Act and not by survivorship?

Options:

A.

27th June 1956


B.

17th June 1965


C.

27th June 1965


D.

17th June 1956


Expert Solution
Questions # 17:

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

Question # 17

Options:

A.

Only (i)


B.

Only (i) & (ii)


C.

Only (i) & (iii)


D.

All of the above


Expert Solution
Questions # 18:

Deadline for filing corporate tax return is ______________.

Options:

A.

30-Nov


B.

31-Dec


C.

1-Jan


D.

1-Apr


Expert Solution
Questions # 19:

Which of the following statement(s) about partition of HUF is/are correct?

Question # 19

Options:

A.

All of the above


B.

Only (i)


C.

Only (ii)


D.

Only (iii)


Expert Solution
Questions # 20:

Tax rate on corporate profits upto 300,000 SGD is ___________.

Options:

A.

17%


B.

20%


C.

15%


D.

8.50%


Expert Solution
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