Trust firmation
This query is : Resolved
virendra tapadiya
(Querist)
13 November 2008
I want to form a trust with only family member as trustee and no doation will be accepted and fund will come only from trustee it self
tell me that whether i have to follow income tax provision for registration under section 11 to 13 or not?
tell me that whether i have to follow income tax provision for registration under section 11 to 13 or not?
13 November 2008
Better to follow that procedure also because in future if the trust earn income benefit of section 11 can be availed provided the objects of the trust should be charitable,as defined by the income tax act 1961,in nature.
S.Srinivasaraghavan
(Expert)
14 November 2008
If it is for the benefit of Family members, you will not get registration under 11.
Ravikumar.G
(Expert)
17 November 2008
Trust is created for the benefit of ascertained individuals or families. it is called a private trust.
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