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IRREVOCABLE TRUST
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...- Joint vs mutual Will: What Indian couples should know before planning the succession of their estateJoint and mutual Wills, while legally recognized in India, present significant complexities and potential for disputes. Experts highlight t...
- Wealthy Americans rushed to gift money early—now new tax law leaves many regretting the timingMany rich families in the US gave away money early to save tax before rules changed. Later, the government made those tax benefits permanen...
- Property partition after owner’s death: A guide for legal heirs to divide assetsPartition of a property means the legal division of jointly owned property among co-owners or legal heirs, severing joint occupancy into in...
- Equity shares received by private trust for relatives’ benefit are exempt from income tax, ITAT Chennai rulesA private trust received shares worth Rs 15.78 crore from its creator for family benefit. The Income Tax Appellate Tribunal ruled this tran...
- Should you go with public trust or private trust? Succession planning with trusts explainedIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 9...
- 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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