Month End Sale Special - Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: sntaclus

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

A.

Neither (i) or (ii)

B.

Both (i) and (ii)

C.

Only (i)

D.

Only (ii)

What is the full form of SBT?

A.

Special Beneficiary Trust

B.

Special Benefactor Trust

C.

Single Beneficiary Trust

D.

Single Benefactor Trust

Which of the following statement(s) about “Special Needs Trust” is/are correct?

A.

Both (i) and (ii)

B.

Only (i)

C.

Only (ii)

D.

Neither (i) nor (ii)

In __________, a protective trust is a type of trust that was devised for use in estate planning.

A.

UK

B.

USA

C.

India

D.

None of the above

A written instrument is necessary when a Trust is created in relation to an immovable property of the value of ______________ and upwards.

A.

Rs 1,00,000

B.

Rs. 100

C.

Rs. 10,000

D.

Rs, 10,00,000

Which of the following statements about Discretionary Trust is/are correct?

A.

Both (i) and (ii)

B.

Only (i)

C.

Only (ii)

D.

Neither (i) nor (ii)

Socities Registration Act has ______________ Sections. ________________ deals with the Registration and Fee of Society.

A.

18, Section 1

B.

20, Section 3

C.

15, Section 3

D.

30, Section 1

One of the essential condition for obtaining exemption of the income of a charitable trust is that at least_____________ of the income should be applied for charitable purposes in India with certain exceptions and exemptions.

A.

65%

B.

75%

C.

85%

D.

Either 75% or 85% depending on the date which it is created

______________ of the Income Tax Act provides for the registration of a Charitable Trust. _____________ of the Income Tax Act contains the provision that the profits and gains of the business carried on by a charitable trust would be fully exempt from tax if it is attains the objects of the trust.

A.

Section 12A, Section 11 (4A)

B.

Section 11A, Section 12 (4A)

C.

Section 12A, Section 11 (2A)

D.

Section 11A, Section 12 (2A)

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

A.

Neither (i) or (ii)

B.

Only (i)

C.

Only (ii)

D.

Both (i) and (ii)