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Tax rate applicable on Trust

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(Querist)
27 October 2010 Sir,

In Wealth Tax, Trust is assessable as an individual.

But in Income Tax, in which capacity a trust will be assessble ??
Please give reply with the supporting provisions/cases details.

Thanks for your reply in advance.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
27 October 2010 Trust will be assessable as artificial person.

This is a reiduary classification, those assessee who is not covered under any one ( individaul,HUF,Firm,Company, AOP, Local authority).
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taxindiaconnect

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taxindiaconnect (Expert)
27 October 2010 trsut is an AOP.
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Suraj Agarwal

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Suraj Agarwal (Querist)
27 October 2010 There are two different expert opinions. So give me final conclusion.

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