Free CTEP Exam Braindumps (page: 43)

Page 43 of 119

Mr. Sahil has two daughter and is in receipt of education allowance of Rs 200 per month for each of them.
What would be the taxable allowance in the hands of Mr. Sahil for the full FY.

  1. NIL
  2. Rs 1,200
  3. Rs 2,400
  4. Rs 4,800

Answer(s): C



Manish has two house properties. Both are self occupied. The annual value of:

  1. Both the house is NIL
  2. One house shall be NIL
  3. No house shall be NIL
  4. Option A with certain condition

Answer(s): B



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

  1. Statement A is correct
  2. Statement B is correct
  3. Both statements are correct
  4. Both statements are incorrect

Answer(s): C



In case of self occupied property, higher deduction u/s24(b) for interest on loan for construction can be claimed if borrowing was made

  1. After 1/4/99
  2. on or after 1/4/99
  3. Before 1/4/99
  4. On or after 1/9/2004

Answer(s): C



Page 43 of 119



Post your Comments and Discuss AAFM CTEP exam with other Community members:

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Going throught questions for practice
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Can someone confirm if these questions are still valid??? After 200-301 v 1.1 has been released? Is the free version enough or were there more of them in the part that is paywalled?
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