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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Maximum marginal rate u/s 164 - answerability of trustees to ...

Case Laws     Income Tax

July 6, 2016

Maximum marginal rate u/s 164 - answerability of trustees to beneficiary is limited to beneficiary of a particular trust as per Trust Act and it cannot be stretched or reached to beneficiaries of beneficiary and then against beneficiaries’ beneficiary. - HC

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