Who cannot be appointed as trustee?

According to Section 10 of the Indian Trusts Act, any individual who is equipped for holding property can be designated as a trustee. An individual is considered to have the ability to hold property, assuming such an individual is equipped …

Are Trust funds safe?

A trust fund is a legitimate substance laid out to hold resources to assist explicit individuals, or in any event, for an association. Youngsters are incessant recipients of trust reserves since trust assets can defend your resources and ensure they …

Cash transaction restriction on charitable Trusts under Income Tax

A beneficent or strict foundation has significant wellspring of receipts in type of gifts. Such gifts might be corpus or deliberate. The Income Tax Law gives cover exception to corpus commitments (got for a specific reason, for example, for development …

How is Family Trust taxed?

While every family trust is unique, they all by and large accompany charge liabilities for either recipients or grantors. The subtleties shift dependent on the particular trust and how it is set up. How about we accumulate a comprehension of …

Trust registration – Documents required, objectives and benefits

The origin of the trust can have the trace back to the ancient times when the humans had motivation towards charity and dedicate property for the charitable purposes and religious purposes found its manifestation in the forms of maths, dharamshalas, …