Dissolution of trust
This query is : Resolved
13 August 2015
Sir/Ma'm
My friend developed a trust but forgot to put a clause regarding dissolution of trust. Now income tax department has put a query regarding this clause when he applied for tax exemption under section 12 A. Pl suggest the remedy.
Ashutosh
My friend developed a trust but forgot to put a clause regarding dissolution of trust. Now income tax department has put a query regarding this clause when he applied for tax exemption under section 12 A. Pl suggest the remedy.
Ashutosh
13 August 2015
You can go for amendment of the Trust Deed to include that clause.
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14 August 2015
Can it be done through passing the resolution
16 August 2015
No Ashutosh, you will have to get it Registered with Sub Registrar. Resolution will not cover this problem.
In Karnataka, Sub Registrar will not even allow registration without a clause on dissolution of trust.
In Karnataka, Sub Registrar will not even allow registration without a clause on dissolution of trust.
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