[aaykarbhavan] Beneficiary of discretionary trust won’t have right over its income; no tax if income wasn’t received by him

Beneficiary of discretionary trust won't have right over its income; no tax if income wasn't received by him

June 14, 2014[2014] 45 taxmann.com 552 (SC)

IT: Discretionary trust is one which gives a beneficiary no right to any part of income of trust property, but vests in trustees a discretionary power to pay him, or apply for his benefit, such part of income as they think fit

 

Regards

Prarthana Jalan

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

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