Transfer of B/S items from Specific trust to Individual
This query is : Open
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.
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.
13 July 2011
Under what authority you are planning to transfer the trust money to individual????????
Message likes :
1 times
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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