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income-
(a) 3[ income derived from property held under trust wholly for charitable or religious purposes, to the extent ... income from such property;
(b) income derived from property held under trust in part only for such purposes, the trust
Central Government Act
part of such income or any property of the trust or the institution (whenever created or established) is during ... part of such income or any property of the trust or institution for the benefit of any person refer
Central Government Act
person is said to have a charge on the property; and all the provisions hereinbefore contained 3[ which apply ... applies to the charge of a trustee on the trust- property for expenses properly incurred in the execution
Central Government Act
person whatever his designation, who in fact manages property on behalf of another) appointed by or under any order ... trustee or trustees, the beneficiary or beneficiaries and the trust property, is forwarded to the 2[ Assessing] Officer,-
(i) where
Central Government Act
beneficiary": the subject- matter of the trust is called" trust- property" or" trust- money": the" beneficial interest" or" interest ... right against the trustee as owner of the trust- property; and the instrument, if any, by which the trust
Central Government Act
this section the expression" law" includes, where the trust- property is immoveable and situate in a foreign country ... such country.
Illustrations
(a) A conveys property to B in trust to apply the profits to the nurture of female
Central Government Act
religion and this includes the right to spend the
trust property or its income for religion and for religious
purposes ... obtaining in a particular institution. To divert the trust
property or funds for purposes which the Charity
commissioner
Supreme Court of India
keep clear and accurate accounts of the trust- property, and (b), at all reasonable times, at the request ... information as to the amount and state of the trust- property
Central Government Act
direct his costs to be paid out of the trust- property. But where there is no such reason, the Court
Central Government Act
Indian Trusts Act, 1882
5. Trust of immoveable property.- No trust in relation to immoveable property is valid unless declared ... trust or of the trustee. Trust of moveable property. Trust of moveable property.- No trust in relation to moveable property
Central Government Act
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