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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Status of indeterminate trust - the names of the beneficiaries ...

Income Tax

May 31, 2017

Status of indeterminate trust - the names of the beneficiaries are not specified in the trust and the individual shares of the beneficiaries are not ascertainable on the date of the institution of the trust. Therefore, the assessee cannot be categorised itself as a determinate trust - AT

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