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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

In case of contravention of Section 13(1)(d), maximum marginal ...


Trust Income Tax: Section 164(2) Maximum Marginal Rate Applies Only to Non-Exempt Portion u/s 13(1)(d) Breach.

February 26, 2014

Case Laws     Income Tax     HC

In case of contravention of Section 13(1)(d), maximum marginal rate of tax under Section 164(2), proviso is applicable only to that part of income of the Trust which has forfeited exemption and not the entire income - HC

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