Millionaire Mode

Trusts: Taxation of Trusts and Beneficiaries

Question 1 of 15

What is a trust?

  1. A legal entity created by a settlor to hold and manage assets for the benefit of one or more beneficiaries.
  2. A type of investment account that allows you to save for retirement.
  3. A type of insurance policy that provides coverage for death or disability.
  4. A type of loan that allows you to borrow money to buy a home.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000