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Gift trust

(Querist) 01 August 2012 This query is : Open 
Can gift of money in lacs be made to a trust created for the benefit of a son.

Can the traust utilise the money for giving loans to the third party.

Whether GIFt tax is payable.


Can gift be made to the son at first . Than the son in trun donate the amount in the trsut created for his benefit.

Can the son charge loan on the trust

please advise in both cases
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