My parents had some property and put it in a trust. They passed away almost 10 years ago. We are about to sell the land. Can the proceeds from the land be divided evenly among the trustees and then each would pay capital gains tax on their proceeds? Or does the trust have to pay the capital gains tax?
Who should open a trust ?
What are the pros cons of opening a trust ?
Mr.ratan tata has opened a trust and transferred all his assets to the trust . So . After the death of him ; who will be heir of him ? Who will be the heir of the trust ?
What if the trust ditches mr.ratan tata before his death or after his death ?
Hey @HIREiN
You can read all about Trusts and income tax provisions on it here
https://www.incometaxindia.gov.in/Pages/trust-specific-content.aspx