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IRREVOCABLE TRUST
SBI debits Rs 19.9 lakh for late spouse’s loan, freezes salary account despite not part of the debt; High Court orders it to pay widow Rs 20.9 lakhAllahabad High Court has ordered SBI to refund Rs 19.9 lakh after the bank used a widow’s fixed deposit to recover her late husband’s perso...- In 1980, Al Pacino took a controversial role in Cruising; years later, he revealed that he donated his entire paycheck to charityAl Pacino has revealed in his memoir Sonny Boy that he donated his entire paycheck from the 1980 film Cruising to charity. Pacino recalled ...
- Quote of the day by Fyodor Dostoevsky: 'The price of loving someone very much is never loving again' ; life lessons on how love while giving us joy, can also be painful from Russian literary icon's powerful quotePeople yearn to love and be loved. The idea of being in love is something that many of us like. But love has the power to permanently alter...
- Vadilal Industries challenges order granting interim relief to Mumbai factionThe Mumbai faction had originally approached the court under Section 9 of the Arbitration and Conciliation Act, seeking interim relief. It ...
- Warren Buffett cuts off donations to Gates Foundation following Epstein revelationsWarren Buffett is donating six billion dollars in stock to four family foundations. This significant shift ends a long-standing philanthrop...
- I-T department to move Supreme Court against HC relief in public trust rowThe rift stems from the Income-tax department's demand that deeds of these religious and charitable trusts must categorically state that th...
- Charitable trusts challenge I-T dept's irrevocability clauseSeveral public charitable trusts have challenged the Income Tax Department’s insistence that trust deeds must explicitly state they are “ir...
- I-T department tells charitable trusts to add 'irrevocable' clause or lose tax benefitsIndia’s Income Tax Department is pushing charitable trusts to include an ‘irrevocable’ clause in their trust deeds or risk losing key tax b...
- Shielding wealth: It's a matter of trust for promotersWealthy Indian families and startup founders are increasingly placing shares in trusts. This trend aims to protect assets, improve tax effi...
- Rupert Murdoch fails in bid to change family trust: ReportRupert Murdoch's attempt to consolidate control of his media empire under his son Lachlan has been blocked by a Nevada court commissioner. ...
- Private Trusts Vs HUFs: Which suits your needs to pass on assets to legal heirs?Will, gift deed, private trusts are some of the most commonly used methods that an individual can use to pass on the assets to his/her fami...
- Estate Planning: Your legacy is what matters the most.To protect your legacy, you should be aware of estate planning
- Jack Dorsey, Jay-Z set up Bitcoin endowment ₿Trust with focus on India, AfricaTwitter CEO Jack Dorsey's push for bitcoin development in India comes at a time when the Indian government is looking to introduce a nation...
- IRB InvIT Fund reports Rs 232 cr net profit in FY18The IRB InvlT Fund was registered as an irrevocable trust under the Indian Trusts Act, 1882 on October 16, 2015 and as an infrastructure in...
- Irrevocable trusts offer max benefit for HNIsTrusts help HNIs ensure efficient succession planning and may also result in mitigating tax liability.
- Budget 2014: 'Finance Ministry may re-introduce Inheritance Tax in near future'Though India presently does not levy inheritance tax (being abolished in 1985), it is believed that Finance Ministry would re-introduce it ...
- Wipro says it meets minimum public shareholding normsWipro said it has got SEBI approval on meeting minimum public shareholding norms after it transferred 6.1 crore shares to an independent tr...
- SEBI okays Wipro proposal to meet public shareholding normsWipro today said that it has received SEBI approval for meeting minimum public shareholding norms by transferring shares to an independent ...
- Azim Premji, Vivek Oberoi among 4 Indians in Forbes' 'Heroes of PhilanthropyForbes Asia on Thursday announced its 'Heroes of Philanthropy' list for the fourth year running, with four Indians among the top 48 philant...
- HCL-Axon deal faces acid test in NovAxon group shareholders will vote on HCL Technologies' £441-million bid on November 24, according to the scheme document posted by the cons...
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