Application of Maximum Marginal Rate on Trust with Known Beneficiaries: ITAT directs to apply Individual Rates [Read Order]

Application of Maximum Marginal Rate on Trust - Beneficiaries - ITAT - Rates - TAXSCAN

The Income Tax Appellate Tribunal (ITAT)  Chennai bench quashed  the application of maximum marginal rate on the trust with known beneficiaries and directed it to apply individual rate upon return of Income of the trust. Assessee, Dinroze Estate is assessed as an Association of Person (AOP). The return of the estate was filed considering the…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader