What is the tax rate applicable if the trust is not utilised the accumulated under section 11(2) of Income Tax act 1961.
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ADDITIONS UNDER 11(3) OF iNCOME tAX ACT 1961
Replies (1)
Mr.Harinarayanan
The rate of tax is as applicable to AOP.
Please also refer to section 167B of Incometax Act, 1961
Best Wishes
Sathikonda
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