Private Family Trusts


This query is : Resolved 

12 October 2010 What are private family trusts? How are they beneficial in tax planning?

13 October 2010 Trust can be created by setting aside any money/ property from your income in the name of the trust. The same when accumulates doesn't add up in your income.
Plz note that the trust needs to be irrevocable trust.

13 October 2010 you can download the file

https://www.caclubindia.com/share_files/tax-implication-on-private-trust-28277.asp


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