[aaykarbhavan] SC : Beneficiaries not taxable for 'discretionary’ trust’s income until distributed by trustees

SC : Beneficiaries not taxable for 'discretionary' trust's income until distributed by trustees 
Estate of Late HMM Vikramsinhji of Gondal

May 08 2014

SC upholds HC's order, assessee (legal heir of Settlor of two UK trusts), also being beneficiary of such UK trust, not assessable to income /wealth of trust, till disbursed by trustees

courtesy: taxsutra

 

Regards

Prarthana Jalan

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