Individual or trust

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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.

Amol S Joglekar

Amol S Joglekar (Expert)
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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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