[aaykarbhavan] Beneficiaries of discretionary trust won’t be liable to tax if income of trust is taxed at maximum marginal rate

Beneficiaries of discretionary trust won't be liable to tax if income of trust is taxed at maximum marginal rate

July 28, 2014[2014] 46 taxmann.com 336 (Delhi - Trib.)

IT : Where income from trust had already been assessed in hands of trustees at maximum marginal rate, beneficial share could not be assessed in hands of beneficiary again

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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