Assessment of trust/AOP - trust to be assessed in the status of ...

Income Tax

October 21, 2022

Assessment of trust/AOP - trust to be assessed in the status of AOP - religious trusts / deity - Levying tax at the maximum marginal rate instead of rates applicable to individuals - there is no dispute with regard to the income of the assessee in the present case is used for deity i.e. assessee. Therefore, the income should be taxed at the rate applicable to the individual. - AT

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Assessment of trust/AOP - trust to be assessed in the status of ...

Income Tax

October 21, 2022

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