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Taxability of Private Trust

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(Querist)
21 December 2010 A Private Trust is created where in the Beneficiaries are two minor Child and the Father is a Trustee.

Suppose this Trust earns Interest Income then what will be the Taxability of this Interest Income. Will it get clubbed in the hands of Father?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
21 December 2010 As per sec 161 taxable in the hand of trustee ( father ).
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