Can a trust be formed with benefitiary a minor by gift from parent, and tax exemption of 180000 can be availed
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Trust in name of minor
Replies (4)
Yes, irrevocable trust in name of minor, where investments are made for the purpose of the trust by the trust (meaning diversion of income by overriding title) can help lower tax liability.
See this link: /forum/taxability-of-trust-created-for-minor-child-64170.asp
can i have a format for trust deed for such trust that fulfills my requirements
https://www.karigr.org/modeldeeds/trustdeed.pdf
https://www.lyfindia.org/pdf/trust-deed.pdf
https://www.legalissuesforngos.org/main/trust/specimen-deed.pdf
https://www.cajawahar.com/homeFiles/Trust_Deed.pdf
Search internet, you will find more. Important aspects are incorporation necessary provisions and getting it registered.
sir, please, I require deed for a trust for minor as beneficiary, so please
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