Wealthy Indian families are beginning to view family trusts as an efficient way of preserving and handing over wealth across generations. Although trusts provide no tax advantage to beneficiaries in India, they are becoming increasingly popular with affluent Indian families, several of whom are promoters of listed entities. The Mansukhani family, owners of the BSE listed Mirc Electronics which owns…
Trusts business growing in India
5 January 2011
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