{"id":22815,"date":"2021-02-12T06:14:08","date_gmt":"2021-02-12T06:14:08","guid":{"rendered":"https:\/\/www.legalraasta.com\/blog\/?p=22815"},"modified":"2026-04-07T17:16:35","modified_gmt":"2026-04-07T11:46:35","slug":"indian-trusts-act","status":"publish","type":"post","link":"https:\/\/www.legalraasta.com\/blog\/indian-trusts-act\/","title":{"rendered":"Indian Trusts Act – Objectives, Registration of trust, Formation & Taxation"},"content":{"rendered":"

A trust (under the Indian trusts act 1882) is a legal relationship that occurs when one man, for the benefit of a third person or himself, hands over all or some of his property to another. The author is known as the person who hands over the land, the person who receives it is known as the trustee, and the beneficiary is known as the person who profits from it. For example, a person will create a trust with the directive to provide for his old age from the proceeds of the land by handing over a portion of his land to a friend.<\/span><\/p>\n

For instance, an individual may also create a trust by transferring those bonds he holds to a bank and ordering them to provide his wife with maintenance after his death from the dividends earned on the bonds. There are essentially two forms of laws regulating faith in India: 1) The Indian Trusts Act 1882, which deals with private trusts. 2) The Act of Public Trust of different States concerned with public trusts. These Acts are based on the Indian Trusts Act 1882’s general structure.<\/span><\/p>\n

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