Can an Educational Trust be taken over by another Educational Trust???
If Yes, What are the Tax Implications on such Takeover???
Please advice.
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 31 October 2008
It is possible by virtue of clause in the trust deed to that effect and by passing resolution and getting permission from govt if it is registered as public trust.
CAclubindia
