https://www.taxtmi.com/forum/issue?id=2171 A charitable trust may donate assets to another trust for application to similar charitable objects without losing exemption, but transfers of assets and liabilities may need prior permission of the income tax authorities and must comply with state law. Accumulations under formal provisions (Form 10) do not receive the same treatment, and excess accumulation may be dealt with by applying to the assessing officer exercising variation powers. Merger remains legally uncertain but aligned Charity Commission orders reduce difficulty; donations are generally the more convenient route. en-us Wed, 25 Aug 2010 12:20:49 +0530 Thu, 23 Jan 2025 15:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2171 A charitable trust may donate assets to another trust for application to similar charitable objects without losing exemption, but transfers of assets and liabilities may need prior permission of the income tax authorities and must comply with state law. Accumulations under formal provisions (Form 10) do not receive the same treatment, and excess accumulation may be dealt with by applying to the assessing officer exercising variation powers. Merger remains legally uncertain but aligned Charity Commission orders reduce difficulty; donations are generally the more convenient route. Discussion-Forum Service Tax Wed, 25 Aug 2010 12:20:49 +0530 https://www.taxtmi.com/forum/issue?id=2171