banner_ad

Loan to Trust

315 views 4 replies
User Avatar

student
27 Points Joined September 2015
Can a trust take loan for meeting it's objective? Can you provide any reference material supporting the same.
0 Reply Share Follow
On 19 May 2021 at 09:51 Report
Replies (4)
User Avatar

372 Points Joined January 2021
Charitable trust take a secured or unsecured loan from its managing trustee or trustee as per trust act or income tax act
yes they can and cant be take interest higer than other unsecured loans in trust .
Reply
On 19 May 2021 at 10:27
User Avatar

Chartered Accountant
24588 Points Joined November 2019
Yes trust can takes loan
Reply
On 19 May 2021 at 10:46
User Avatar

Learner
2398 Points Joined May 2019

Yes, Trust can get loans.

Reply
On 19 May 2021 at 10:58
User Avatar

tax consultant
3306 Points Joined October 2018
There is nothing provided in the law which stops trust from taking loans.
Reply
On 19 May 2021 at 13:22

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details