Easy Office
LCI Learning

Taxability of Private Trust

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 December 2010 A Private Trust is created where in the Beneficiaries are two minor Child and the Father is a Trustee.

Suppose this Trust earns Interest Income then what will be the Taxability of this Interest Income. Will it get clubbed in the hands of Father?
Profile Image

CA Shailesh Kumar Bhagat

Profile Image

CA Shailesh Kumar Bhagat (Expert)
21 December 2010 As per sec 161 taxable in the hand of trustee ( father ).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links