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Transfer of B/S items from Specific trust to Individual

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(Querist)
12 July 2011 One of my client was having a trust till FY 2010-11. Now i have to transfer all the Assets & Liabilities of his Trust to his Individual Balance Sheet as on 31/03/2011. What treatment should i do?
His particulars:
FDR including intt.(net of TDS) Rs.27,80,314
Cash Rs.50,100
Opening Capital Rs.26,34,497
FDR Intt. Rs.2,07,825
Saving Intt. Rs.98
TDS Rs.12,006

Plz suggest how to deal with it.
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
13 July 2011 Under what authority you are planning to transfer the trust money to individual????????
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Padma

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Padma (Querist)
13 July 2011 The trust was running for the minor & now on after attaining maturity the trust money is being transferred to individual. Plz suggest the treatment of this for both trust & individual.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
02 August 2025 https://docs.google.com/document/d/18ZaoPdWr_5XqnBtkehj1Oq-V-qvUqlGa8uJ8Ljn27kM/edit?usp=sharing
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