TaxTMI 
TaxTMI 
Dissolution of trust
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....issolution of trust<br> Query (Issue) Started By: - AMIT DOSHI Dated:- 16-11-2009 Last Reply Date:- 22-11-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>A Private Discretionary Trust was formed with ....
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....a time horizon of 10 years and accordingly deed was executed. Now in next month, 10 yrs shall get completed . Th question is whether such kind of trust is compulsorily reqd to be dissolved or period c....
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....ould be extended though no such cluase of extension exists in the deed. Pls suggest legal support Reply By Rama Krishana: The Reply: This is a question which can be answered only after detailed scrut....
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....iny of the trust deed only. The question may be determined first like, but restricted to, whether it is irrevocable, whether power of amend is there or not, whether alongwith time limit, any performac....
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....e clause is there or not and so on. Further, after expiry of the trust deed, who is be beneficial. In my preliminary view, the beneficial person only has the power to make a new trust deed or extend t....
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....he time of the deed.<br> Discussion Forum - Knowledge Sharing ....