Dear Sir, One of my client wants to open college. Which option is good Pvt Ltd or trust .
6 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 07 September 2012
It is advisable to form a Trust in the above case.
Regards,
Devendra Kulkarni
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 07 September 2012
yes ,no doubt "trust."
Parashar
(Company Secretary 2004)
(1013 Points)
Replied 07 September 2012
why trust, kindly elaborate the pluses of trust. thanx in advance
PRANIT
(ACCOUNTANT)
(219 Points)
Replied 07 September 2012
100 % TRUST ! I NEVER HEARD THE NAME OF COLLEGE ENDING WITH PVT. LTD.
CA S.VIJAY NARERNDRA
(CA,M.COM,CS final)
(132 Points)
Replied 08 September 2012
| Originally posted by : Parashar | ||
 |
why trust, kindly elaborate the pluses of trust. thanx in advance |
 |
The most important reason is Tax sheter in the form of SEC-11 & 12 exemptions under Income tax Act,
Allmost all School ,College, Universities & Educational Institutionin India were paying almost 0 tax liability using these two section.
But the sad part is now these kind of exemptions are used as loopholes for tax evasion..
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