India: Trusts

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Article
Why Tata Sons Is Trying Everything To Avoid An IPO
Tata Sons has been compelled to go public, which is an empire valued around 15 lakh crore rupees. And in an attempt to avoid this, it has already repaid over 21,000 crores in debt. Tata Sons sits at the very top of the Tata group and what makes it even more special is who owns it. Two-thirds of it belongs to Tata Trusts which is the charitable trust. This means a significant portion of Tata’s profits supports schools, scholarships and hospitals.
India Commercial
Foresight Law Offices
Article
When Succession Planning Meets The Takeover Code: How Skipping SEBI’s Exemption Route Can Trigger An Open Offer
Family succession through a trust in a listed company can silently become a tripwire that triggers an open offer obligation for the promoter family. Succession planning in a listed company cannot be done the way it is done in an unlisted one. Skipping SEBI’s prescribed exemption route for transferring promoter shares to a trust entails strict liability for penalties and an open offer obligation that only becomes more complicated over time.
India Commercial
CP
Corporate Professionals
Article
Uniformity In Dividend Exemption For Unit Holders Of Business Trusts, Enhanced Surcharge Rates For Certain SPVs And Other Amendments Proposed By Taxation & Other Laws (Amendment) Bill, 2026
The Lok Sabha has passed the Taxation & Other Laws (Amendment) Bill, 2026 (‘Amendment Bill’). The said Amendment Bill replaces the Income-tax (Amendment) Ordinance, 2026 which was earlier passed on 5 June 2026 and also proposes other amendments to the Income-tax Act, 2025 (‘the Act’), the most notable amendment being in respect of taxation of unitholders and SPVs of business trusts.
India Tax
AC
Aurtus Consulting LLP
Article
Recent Tax Amendments: Restoring The Dividend Exemption For REIT And InvIT Unit Holders
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.
India Tax
CP
Corporate Professionals
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