AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 13 Topic 2 Discussion

AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 13 Topic 2 Discussion

CTEP Exam Topic 2 Question 13 Discussion:
Question #: 13
Topic #: 2

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


A.

Nil


B.

100000


C.

Calculated as per income tax Act 1961


D.

None of the above


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