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.


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