India: Trusts

Business trusts — Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) — and their unit holders are taxed under a pass-through framework built around Section 223 of the Income-tax Act, 2025 (corresponding to Section 115UA of the erstwhile 1961 Act), read with Schedule V (Table Serial Nos. 3, 4 and 5) of the ITA 2025, which mirror clauses (23FC), (23FCA) and (23FD) of Section 10 of the ITA 1961.

High-net-worth individuals in India face complex wealth transfer challenges spanning family businesses, overseas assets, trusts, and digital holdings. Understanding the legal framework—from succession laws to trust structures and cross-border implications—is essential for preserving legacy and minimizing disputes.

Non-Resident Indians with assets across multiple jurisdictions face complex succession challenges that require careful coordination between different legal systems. How can NRIs effectively navigate the intersection of succession laws, tax regulations, and foreign exchange requirements to ensure their wealth is transferred according to their wishes? This comprehensive analysis examines the critical legal and regulatory considerations that shape cross-border estate planning for Indian nationals living abroad

The treatment of dishonoured cheques has long been a cornerstone of financial accountability under Indian law. Yet, for decades, a persistent ambiguity...

Family offices are redefining how wealth is managed in the evolving global environment. Beyond wealth management, family offices are responsible for preserving and transferring wealth for HNW individuals.

Family businesses bolster economies, drive growth, create jobs, and shape communities. Family businesses are responsible for over 70% of global GDP and provide 60% of the world's employment...

Assessee is a private discretionary trust established under the provisions of Indian Trust Act, 1882.

Karnataka High Court allowing a batch of several appeals against the Tribunal ruling, held that a trust structure is not liable for Service Tax, when it deals with monies collected as an investment fund.

The Ministry of Corporate Affairs defines a Significant Beneficial Owner as an individual or entity that possesses a substantial proportion of the organization's voting rights without exercising direct...