Transfer of B/S items from Specific trust to Individual

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Padma (Querist)
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12 July 2011 One of my client was having a trust till FY 2010-11. Now i have to transfer all the Assets & Liabilities of his Trust to his Individual Balance Sheet as on 31/03/2011. What treatment should i do?
His particulars:
FDR including intt.(net of TDS) Rs.27,80,314
Cash Rs.50,100
Opening Capital Rs.26,34,497
FDR Intt. Rs.2,07,825
Saving Intt. Rs.98
TDS Rs.12,006

Plz suggest how to deal with it.

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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13 July 2011 Under what authority you are planning to transfer the trust money to individual????????

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Padma

Padma (Querist)
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13 July 2011 The trust was running for the minor & now on after attaining maturity the trust money is being transferred to individual. Plz suggest the treatment of this for both trust & individual.

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