I want to open a study centre and traning centre for ladies, can i form a trust and what are the requirments and is there saving of tax between trust and personnel
Mahesh V.P. (Advocate) 29 May 2015
Any single person can form a Trust, The Trust will be assessed as a different person. For exemption you will have to apply to the CIT as per the procedure laid down under Section 12AA of the Income Tax Act, 1961.
prasanth 05 June 2015
Formation of Trust
As you are intended to open Study Centre which mean (Charitable Trust)
Steps to be followed:-