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AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 85 Topic 9 Discussion

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AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 85 Topic 9 Discussion

CTEP Exam Topic 9 Question 85 Discussion:
Question #: 85
Topic #: 9

Bijoy traced a missing person and was awarded a sum of Rs. 35,000. Although there was no stipulation to that effect, such receipt shall be:
A.

Casual Income & fully taxable

B.

Casual Income & exempt up to Rs. 5000

C.

Fully exempt

D.

None of the above

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Actual exam question for AAFM CTEP exam by Lumen835 at Aug 6, 2025, 10:42:26 AM

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