Dissolution of trust

This query is : Resolved

Ashutosh Kumar (Querist)
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13 August 2015 Sir/Ma'm
My friend developed a trust but forgot to put a clause regarding dissolution of trust. Now income tax department has put a query regarding this clause when he applied for tax exemption under section 12 A. Pl suggest the remedy.
Ashutosh

Taxguy

Taxguy (Expert)
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13 August 2015 You can go for amendment of the Trust Deed to include that clause.

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Ashutosh Kumar

Ashutosh Kumar (Querist)
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14 August 2015 Can it be done through passing the resolution

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Taxguy

Taxguy (Expert)
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16 August 2015 No Ashutosh, you will have to get it Registered with Sub Registrar. Resolution will not cover this problem.

In Karnataka, Sub Registrar will not even allow registration without a clause on dissolution of trust.

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