Formation of Trust deed
This query is : Resolved
06 March 2008
How to form Trust ?Please explain the procedures and how to avail exemption for donation given by donors in such trust.
S.Srinivasaraghavan
(Expert)
06 March 2008
A Trust can be formed primarily by one or more persons by a settlor(s) by a Trust deed or Will.
To get exemption of donation the trust has to satisfy the conditions of section 11 and 12 of the Income tax Act 1961.
To get exemption of donation the trust has to satisfy the conditions of section 11 and 12 of the Income tax Act 1961.
CA. GOPAL SONIKA
(Expert)
06 March 2008
Receive donation as corpus donation.
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