Estate India Chapter 7

If an immovable property above the value of INR ……….is to be gifted, the instrument of gift is required to be compulsorily registered.

When the transfer of assets takes place between two living people it is called ?

At the time of making a gift, the donor must be

Which are the essentials of a valid gift:

In the case of …………… property gifted, Registration in such cases is optional.

Onerous gifts refer to ?

A person who creates a trust of property owned by him is called

Which act governs a Private Trust ?

The person who forms a trust determines

Can a minor also become a settlor ?

Who has to manage the property of the trust ?

Private trust in respect of an immovable property can be created

In the case of an irrevocable trust .What is true regarding termination?

If a Private trust is formed through a Will, then it can be revoked…

Where the trustee has discretion to decide on the distribution of income and corpus of the trust ?

If trust is created with a written deed, it is.

In case beneficiaries are public at large viz. charitable or religious trust these are

Are Public trust is also covered under Indian Trust Act 1882.

A Non-discretionary trust (having profit & gain from business) will be taxed at

For a special child with disabilities what can be the best way to pass the assets to such child