Trust related query urgent


This query is : Resolved 

Quick Summary
Merging two charitable trusts requires specific formalities, particularly concerning their objectives. If the trusts have different charitable aims, such as medical activities versus an old age home, a direct merger may not qualify for tax exemption. To proceed, one trust might need to apply for a change of object before transferring its assets to the other.

29 June 2022 if 2 charitable trust is to merged. what are the formalities?

29 June 2022 Close one charitable trust and donate all the assets to other trust having same objects.

01 July 2022 but if objects are not same i is for charitable medical activity and 1 is for old age home

11 July 2022 Without common object the merger will not be tax-exempt.

08 January 2023 Make application for change of object in one of the trust and then close the trust by transfering asset to another trust.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details