Is it necessary to form a trust to opening a nursery school

This query is : Resolved

Kajal bhattacharya (Querist)
Follow

27 September 2011 My mother wants to start a nursery school with in our residence compound. Is it necessary to form a trust to Opening a nursery school?I have collected a trust deed format from this website.Can she start it as a private organisation? please advise in detail.

Regards,

Kajal Bhattacharya

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
Follow

27 September 2011 well the mean of opening trust is better as trust are having tax ememption u/s 23 (iii) or (iv) from payment of taxes

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

09 October 2011 Yes the trust is the appropriate mode of constitution for nursery school as the trust will continue for ever and if any trustee dies the other trustees can be inducted and there is no limit for it. Moreover there is exemption and for education full exemption can also be applied.

Upgrade to CAclubindia Pro. Subscribe Now!