tax planning by creating trust
This query is : Resolved
11 February 2010
Dear Friends,
what is the assessing status of a trust?
Someone has told me that create a trust for a newly born baby (baby may be some what elder) and transfer some of your assets to the trust for the benefit of the child. As it became major it would get a lot of white money made out of those given assets.
i was not agree with that particular person but i had nothing to argue?
i request you to please tell me whether i am wrong or right, in any circumstances please provide some legal base.
Thanks in advance.
what is the assessing status of a trust?
Someone has told me that create a trust for a newly born baby (baby may be some what elder) and transfer some of your assets to the trust for the benefit of the child. As it became major it would get a lot of white money made out of those given assets.
i was not agree with that particular person but i had nothing to argue?
i request you to please tell me whether i am wrong or right, in any circumstances please provide some legal base.
Thanks in advance.
11 February 2010
https://www.caclubindia.com/experts/taxablity-of-trust-created-for-the-benefit-of-minor-child-319080.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- FTS Taxable under 115A
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Management System (IMS)
- Experts need help
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
