21 April 2008
a trust has been created by way of will and in this trust Income received from Gift and from Interest 1.What is the Tax Liablity on 130000/-income. 2. Which form is fillup and deposited for the same. 3.Can i filled form No. 5 for the same treat as AOP or only form No. 7(the Trust is not registered under income tax act) pl. guide me