Is it necessary to form a trust to opening a nursery school
This query is : Resolved
27 September 2011
My mother wants to start a nursery school with in our residence compound. Is it necessary to form a trust to Opening a nursery school?I have collected a trust deed format from this website.Can she start it as a private organisation? please advise in detail.
Regards,
Kajal Bhattacharya
Regards,
Kajal Bhattacharya
27 September 2011
well the mean of opening trust is better as trust are having tax ememption u/s 23 (iii) or (iv) from payment of taxes
09 October 2011
Yes the trust is the appropriate mode of constitution for nursery school as the trust will continue for ever and if any trustee dies the other trustees can be inducted and there is no limit for it. Moreover there is exemption and for education full exemption can also be applied.
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