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trust and individual

This query is : Resolved 
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(Querist)
09 February 2011 if an assessee want to create a trust, so it is better option for tax benifits or not, than an individual
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
09 February 2011 It depends upon the motive of a person.
Option 1
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If He wants to take tax benefit, he has to earn first.

Option 2
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And if he wants to spend the money earned. he has to make a trust for that.
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But what is the end result.
" As it was in the beginning" ?

But someone can say ......
" Enjoyed the tax benefits...

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Hence , without clarifying the purposes and intentions it is difficult to answer.
*
Please give more details.
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CA VIKASH AGARWAL

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CA VIKASH AGARWAL (Querist)
10 February 2011 assessee want to produce agriculture products
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
10 February 2011 You would be knowing that agriculture income is tax free for all.

There is no benefit in forming a trust. Individual is eligible to get benefit for Agriculture Income.
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