Surcharge on discretionary AOP/TRUST for AY 25-26
This query is : Resolved
Quick Summary
20 March 2026
What is the Tax rate and surcharge rate for discretionary Trust for AY 25-26?
20 March 2026
For AY 2025-26, a discretionary trust is taxed at the Maximum Marginal Rate of 30%. According to recent judicial clarifications, the surcharge is not fixed at the maximum but applies based on your total income slabs (e.g., 0% if income is below ₹50 Lakh). Total effective tax for most trusts below the ₹50 Lakh threshold will be 31.2%.
20 March 2026
we have filed return under new tax regime i.e. u/s 115BAC and our Income is above 1 crore and below 2 crore . CPC has calculated surcharge @37% in order 143(1) is it correct?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Relief u/s Section 89
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Plot of land. Cost of Acquisition
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
