Very well covered sir. Thank you for the trouble taken. Kindly provide similar videos of interest on vital topics relating to trusts like Rule against Perpetuity etc..
Sir Excellent series of four videos. My question:- Can an agricultural land be purchased in a private family trust , if yes , how and when , if no , why ?
Excellent explanation, thanks. In case of specific trust and non business income, each beneficiary will be required to provide the details of her complete income to the trustees, so that the trustees can add the same notionally to arrive at the applicable tax and exemption amount, is this correct understanding. What happens if the beneficiaries do not provide personal details?
A question If trust deed has an EXCEPTIONAL clause that the sole beneficiary is child, however, in case of exceptional early demise of child, the trust funds should be given back to the settlor, then will this be a irrevocable trust or revocable
If trust is created for medical care and other general care of settlor, then expenses incurred to maintain his/her lifestyle shall be allowable while computing the income? e.g. dividends from mutual funds is Rs. 240000 and monthly 20000 is given to beneficiary to survive, then are those expenses allowable?
Very well covered sir. Thank you for the trouble taken. Kindly provide similar videos of interest on vital topics relating to trusts like Rule against Perpetuity etc..
What if beneficiary is not born yet?
Sir
Excellent series of four videos.
My question:-
Can an agricultural land be purchased in a private family trust , if yes , how and when , if no , why ?
Very well explained with complete clarity.
Thanks a Lot.
All. 4. Videos are best thanks 🙏🙏🙏
Very good information
Thank you
🎉
MMR is 42,% or 30 plus surcharges plus education cess as applicable on amount of income . Please clarify
Sir which is better a registered will or a trust where the purpose is to give to a specific Beneficiary or his or her heirs
Thank you
What if non revocable trust has income less than 2.5. Lack?
How it is better than will.
❤❤❤❤
Excellent explanation, thanks. In case of specific trust and non business income, each beneficiary will be required to provide the details of her complete income to the trustees, so that the trustees can add the same notionally to arrive at the applicable tax and exemption amount, is this correct understanding. What happens if the beneficiaries do not provide personal details?
Beneficiary should provide
A question
If trust deed has an EXCEPTIONAL clause that the sole beneficiary is child, however, in case of exceptional early demise of child, the trust funds should be given back to the settlor, then will this be a irrevocable trust or revocable
If trust is created for medical care and other general care of settlor, then expenses incurred to maintain his/her lifestyle shall be allowable while computing the income? e.g. dividends from mutual funds is Rs. 240000 and monthly 20000 is given to beneficiary to survive, then are those expenses allowable?