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Loan to Trust
Can a trust take loan for meeting it's objective? Can you provide any reference material supporting the same.
Replies (4)
Quick Summary
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 .
yes they can and cant be take interest higer than other unsecured loans in trust .
Yes trust can takes loan
Yes, Trust can get loans.
There is nothing provided in the law which stops trust from taking loans.
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