Indian Trust Act

Querist : Anonymous (Querist) 03 November 2009 This query is : Resolved
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Can a trustee also be the beneficiary of the trust, what is the legal position on this.

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A V Vishal (Expert) 03 November 2009
From what legal point of view is the query? Under taxation laws a trustee cannot be a beneficiary however under the Indian Trusts Act a trustee can also be a beneficiary there is no bar.

Raj Kumar Makkad (Expert) 03 November 2009
Nothing to add more in the perfect advice of Vishal.

Querist : Anonymous (Querist) 04 November 2009
I want to know from the perspective of Indian trusts Act. Can you please specify which provision provides that a trustee can be a beneficiary

A V Vishal (Expert) 05 November 2009
Refer the Indian Trust Act for the answer Mr Anonymous. However such provision is restricted to a private trust only.

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