Surcharge on pvt discretionary trust
This query is : Resolved
14 February 2026
143(1) levied strange 10 or 15% surcharge on pvt disc. trust having just 7 lakh interest income,
i thikn its taxed at MMR, thats y?
not sure,
i thikn its taxed at MMR, thats y?
not sure,
14 February 2026
Yes, private discretionary trust is taxed at MMR (30%).
But surcharge should not apply at ₹7 lakh income.
If 10% or 15% surcharge is applied, it is likely a computation or status error and can be corrected via rectification.
But surcharge should not apply at ₹7 lakh income.
If 10% or 15% surcharge is applied, it is likely a computation or status error and can be corrected via rectification.
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