Foreign Dividend Income from Trusts for Minors: Accrual Requirement for Tax Implications on Trusts and Beneficiaries.

Addition of foreign dividend income belonging to two trusts - irrevocable trust created for the benefit of children - before proceeding to club the dividend income accruing or received by the trusts created for the benefit of minor children, it is mandatory to show that the said income accrued or was received by the minor children. .....

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