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?