Private Trusts with Single Beneficiary Entitled to Slab Rates, Not MMR: ITAT Jaipur

Samiksha Roongta Benefit Trust Vs ITO (ITAT Jaipur)

MMR Not Automatic! Private Trust with Single Minor Beneficiary Gets Relief- ITR Form Error Can’t Cost Slab Benefit, Rules ITAT Jaipur

ITAT Jaipur Bench dealt with the important issue of whether income of private specific trusts having a single determinate beneficiary could be taxed at Maximum Marginal Rate (MMR) or whether slab benefit available to individuals/AOPs should be applied.

Both the trusts were created for the benefit of minor children under a family arrangement, having only interest inco

Please become a Premium member. If you are already a Premium member, login here to access the full content.