Nature of receipt from the trust - distribution of surplus by ...
Trust Receipts: How Surplus Distribution by Private Discretionary Trusts Affects Tax Assessment and Liability for Beneficiaries.
August 5, 2017
Case Laws Income Tax AT
Nature of receipt from the trust - distribution of surplus by the trust - as per scheme of assessment of private discretionary trust, the Department has to opt whether to assess the income in the hands of trust or beneficiaries.
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