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Private Family Trusts

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(Querist)
12 October 2010 What are private family trusts? How are they beneficial in tax planning?
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CA.Pujah

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CA.Pujah (Expert)
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.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
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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