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Minor beneficiary trust

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(Querist)
20 December 2013 Can a settler(grand father) give gift rs. 10 lakhs in his minor benificiary trust
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CA VISHNU GAVKARE

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CA VISHNU GAVKARE (Expert)
21 December 2013 yes. It will be private trust..
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CA DHEERAJ

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CA DHEERAJ (Querist)
23 December 2013 sir such gift is taxabel in hands of beneficiary trust
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CA VISHNU GAVKARE

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CA VISHNU GAVKARE (Expert)
24 December 2013 yes........

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