Private or public trust
This query is : Resolved
DUSHYANT KEDIA
(Querist)
10 December 2012
Respected Experts,
I want to setup a trust for educational & medical help to poor people,
& for the activity I want to aquire the "open space" available in a NAP34 layout of a rural area.
(The land is known & concern people are ready to give it for the purpose)
Which type PRIVATE OR PUBLIC TRUST will be more stable for the activity?
(means : for management, funds, memberships, tax, etc)
Thank you for your valueable time.
I want to setup a trust for educational & medical help to poor people,
& for the activity I want to aquire the "open space" available in a NAP34 layout of a rural area.
(The land is known & concern people are ready to give it for the purpose)
Which type PRIVATE OR PUBLIC TRUST will be more stable for the activity?
(means : for management, funds, memberships, tax, etc)
Thank you for your valueable time.
CA Ayush Agarwal
(Expert)
10 December 2012
Form a Trust, Get Registered Under Section 12AA of IT Act and Get Certificate of 80G Deductions fro Respective AO.
Apart from That, Nothing is Specially Required.
Apart from That, Nothing is Specially Required.
Message likes :
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DUSHYANT KEDIA
(Querist)
10 December 2012
Dear Ayush,
i want to understand what will be more better Public tust or the private trust?
have a nice day!
Dushyant
i want to understand what will be more better Public tust or the private trust?
have a nice day!
Dushyant
CA Ayush Agarwal
(Expert)
10 December 2012
Private Trust - No Use.
Since Income Get Connected With Author Income.
Go for Public Trust
Since Income Get Connected With Author Income.
Go for Public Trust
Message likes :
1 times
DUSHYANT KEDIA
(Querist)
10 December 2012
IS THERE ANY BENIFIT IN PRIVATE TRUST?
( OTHER THAN INCOME TAX POINT )
( OTHER THAN INCOME TAX POINT )
DUSHYANT KEDIA
(Querist)
10 December 2012
& AS THE INCOME GET CONNECTED TO AUTHOR;
THEN HOW "THE MINOR'S TRUST" WORK?
THEN HOW "THE MINOR'S TRUST" WORK?
CA Ayush Agarwal
(Expert)
10 December 2012
Same, Minor Trust Income Get Accumulated With Legal Representative or Parents.
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