WebIncome Tax Department > Tax Laws & Rules > Acts > Indian Trusts Act, 1882 Income Tax Department > All Acts > Indian Trusts Act, 1882 ... Section - 3. Interpretation clause— … WebExplanation.—In this section, the expression “law” includes, where the trust property is immovable and situate in a foreign country, the law of such country. Illustrations. (a)A …
Trust under Indian trust Act, 1882 - TaxGuru
Web27 Sep 2024 · 2. WHAT IS A TRUST? • Through a private trust, assets or wealth are transferred by one party (settlor) to be held by another party (trustee) for the benefit of a third party (beneficiaries), under the Indian Trusts Act, 1982. As per section 3 of Indian Trust Act 1882 “A Trust is an obligation annexed to the ownership of the property, and ... ava smithson
Section 4 in The Indian Trusts Act, 1882 - Indian Kanoon
WebDefinition of trusts. Section 3 of the Indian Trusts Act 1882 defines trust as “an obligation annexed to the ownership of property and arising out of a confidence reposed in and accepted by him for the benefit of another”.. By Section 2(13) Bombay public trusts act, 1950, Trust means an express or constructive trust for either a public religious or … WebINDIAN TRUSTS ACT M. S. RAMA RAO B.Sc., M.A., M.L. Class-room live lectures edited, enlarged ... Constructive Trusts 19 9. Reference Section . msrlawbooks Ind Trusts Act P T O Page 4 CHAPTER 1 TRUST & ITS ESSENTIALS Ch. 1-1 Trust: Sn : 3 The Trusts Act in Sn.3 defines a trust: "Trust" is an obligation annexed to the ownership of property, and ... WebInvestment of trust-money.—Where the trust property consists of money and cannot be applied immediately or at an early date to the purposes of the trust, the trustee is bound … ava soleimany