Section 10 of ITA : Section 10: Who May Be Trustee

Anyone who can own property can also be a trustee. However, if the trust requires the trustee to make decisions, the trustee must be legally able to enter into contracts to manage the trust.

**No one

Imagine a scenario where an individual, Mr. Sharma, creates a trust for the purpose of funding the education of his grandchildren. He appoints his friend, Mr. Iyer