Which of the following is/are essential(s) of a valid Charitable or Religious Trust?
Under provisions of _________________ it is provided that the profits and gains of business of a private trust is chargeable to income tax at the maximum marginal rate with effect from Assessment Year 1985-1986.
A person can create _________________ living trust/trusts while he is alive and the assets can be transferred to it/them as desired by the person.
A written instrument is necessary when a Trust is created in relation to an immovable property of the value of ______________ and upwards.
______________ of the Income Tax Act provides for the registration of a Charitable Trust. _____________ of the Income Tax Act contains the provision that the profits and gains of the business carried on by a charitable trust would be fully exempt from tax if it is attains the objects of the trust.
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