trust and individual

This query is : Resolved 

09 February 2011 if an assessee want to create a trust, so it is better option for tax benifits or not, than an individual

09 February 2011 It depends upon the motive of a person.
Option 1
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If He wants to take tax benefit, he has to earn first.

Option 2
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And if he wants to spend the money earned. he has to make a trust for that.
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But what is the end result.
" As it was in the beginning" ?

But someone can say ......
" Enjoyed the tax benefits...

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Hence , without clarifying the purposes and intentions it is difficult to answer.
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Please give more details.

10 February 2011 assessee want to produce agriculture products


10 February 2011 You would be knowing that agriculture income is tax free for all.

There is no benefit in forming a trust. Individual is eligible to get benefit for Agriculture Income.



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