Individual or trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2012
Which would be a better way to deal with properties whether as Individual or a trust.
Can you please give your views and related justification with reference to Income Tax Act 1962.
Thanks for your reply.
Can you please give your views and related justification with reference to Income Tax Act 1962.
Thanks for your reply.
Amol S Joglekar
(Expert)
17 August 2012
The basis for comparison is not tenable. Still, individual investment in properties is always easier than investing it through trust where a host of activities are required to be done to purchase as well as sell the properties. If smoothness is the key go for individual. If on the other hand, non smooth transfer is the KEY nothing to compete TRUST. Good example is TATASONS trust
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