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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- NRI starting business in India
- DIN reactivation
- GST not cancelled by tenant
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
