Private or public trust

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DUSHYANT KEDIA (Querist)
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10 December 2012 Respected Experts,

I want to setup a trust for educational & medical help to poor people,

& for the activity I want to aquire the "open space" available in a NAP34 layout of a rural area.
(The land is known & concern people are ready to give it for the purpose)

Which type PRIVATE OR PUBLIC TRUST will be more stable for the activity?
(means : for management, funds, memberships, tax, etc)

Thank you for your valueable time.

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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10 December 2012 Form a Trust, Get Registered Under Section 12AA of IT Act and Get Certificate of 80G Deductions fro Respective AO.

Apart from That, Nothing is Specially Required.

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DUSHYANT KEDIA

DUSHYANT KEDIA (Querist)
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10 December 2012 Dear Ayush,

i want to understand what will be more better Public tust or the private trust?

have a nice day!
Dushyant

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CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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10 December 2012 Private Trust - No Use.
Since Income Get Connected With Author Income.

Go for Public Trust

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DUSHYANT KEDIA

DUSHYANT KEDIA (Querist)
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10 December 2012 IS THERE ANY BENIFIT IN PRIVATE TRUST?
( OTHER THAN INCOME TAX POINT )

DUSHYANT KEDIA

DUSHYANT KEDIA (Querist)
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10 December 2012 & AS THE INCOME GET CONNECTED TO AUTHOR;
THEN HOW "THE MINOR'S TRUST" WORK?

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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10 December 2012 Same, Minor Trust Income Get Accumulated With Legal Representative or Parents.

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Private or public trust

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