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6 No Equity in Tax Treatment of Trusts It has been observed that the tax laws in India present the spectacle of seemingly high rates of tax, which are practically nullified by loopholes which are
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No equity in refers to a situation where a company or individual does not have any ownership or shares in a particular asset or entity.
Any individual or company that does not have any equity ownership in a specific asset or entity may be required to file a no equity in statement.
To fill out a no equity in statement, one must provide details about the asset or entity in question and confirm that there is no ownership or shares held.
The purpose of a no equity in statement is to declare that there is no ownership interest in a particular asset or entity.
The information that must be reported on a no equity in statement includes details about the asset or entity and confirmation of no ownership or shares held.
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