Assessment of minor trusts
This query is : Resolved
Ramkumar H. Barchha
(Querist)
16 August 2012
The minor beneficiary trust is formed and the trust objects permit the trust to carry out any type of business from which the trust derives its income from business. As these trusts are assessed as individuals will the progressive tax rate structure shall be levied or it owuld be taxed at Marginal tax rates?
Amol S Joglekar
(Expert)
16 August 2012
The position would be clear whether the share of beneficiary in DETERMINATE or not.
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