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Wealth-tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Computation of taxable income and taxable wealth of ...


Discretionary Trust Taxable Income Unchanged Despite Failure to Appoint Discretion Exercisers by Settlor or Successor.

May 9, 2014

Case Laws     Wealth-tax     SC

Computation of taxable income and taxable wealth of discretionary trust - erely because the Settlor and after his death, his son did not exercise their power to appoint the discretion exercisers, the character of the subject trusts does not get altered. - SC

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