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Income Tax - Highlights / Catch Notes

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Addition of foreign dividend income belonging to two trusts - ...


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

August 3, 2019

Case Laws     Income Tax     AT

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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