Question ID :
40568
Taxation of Unregistered Trust
If trust is not registered under income tax than income shall be taxable as if income in the hands of AOP. AOP taxation depends on his member's share identity. than my Question is in case of unregistered trust how to check member's share?
Posted by
PRAKASHKUMAR HASMUKHLAL THAKKA
on
Feb 13, 2020
Filed Under
DIRECT TAXES
Answer ID :
80411
If income is distributed to members, share will be definite and if not, it will be indefinite. Also refer trust deed for share. If share in indefinite, maximum marginal rate is applicable.
Posted by
CA. chunauti dholakia on
Feb 14, 2020