TRUST FILING


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This discussion addresses the taxability of an unregistered private AOP trust filing for the assessment year 2019-20, with a total income of Rs. 55,000. The income is not taxable if no members have taxable income. However, if any member has taxable income, the trust's income will be taxed at a rate of 30%.

20 January 2020 ONE UN.REG. PRIVATE AOP TRUST FILING FOR THE ASST-YEAR 2019-20 WITH TOTAL INCOME OF RS. 55,000/- VIDE FORM IT5. THIS INCOME TAXABLE AND RATE OF TAX?

20 January 2020 Not taxable if none of the members have taxable income.

21 January 2020 Otherwise taxable at the rate of 30%


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