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Income Tax - Highlights / Catch Notes

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Assessment of trust after denial of exemption u/s 11 - section ...


Trust Denied Section 11 Exemption; Income Taxed at Maximum Marginal Rate u/s 164 Due to Unknown Beneficiaries.

April 26, 2022

Case Laws     Income Tax     AT

Assessment of trust after denial of exemption u/s 11 - section 164 - the beneficiaries of the trust are unknown - The income of the trust shall be assessed at maximum marginal rate of tax. - AT

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