Income of the trust - There has to be as many assessments on the ...

Trustee Must Assess Taxes Separately for Each Beneficiary's Income; Single Order Allowed But Must Detail Individual Taxes.

April 21, 2018

Case Laws Income Tax AT

Income of the trust - There has to be as many assessments on the trustee as there are beneficiaries with determinate and known shares, though for the sake of convenience, there may be only one assessment order specifying separately the tax due in respect of the income of each beneficiary. - AT

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Income of the trust - There has to be as many assessments on the ...

Trustee Must Assess Taxes Separately for Each Beneficiary's Income; Single Order Allowed But Must Detail Individual Taxes.

April 21, 2018

Case Laws Income Tax AT

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