ICICI

New tax rates for trusts/aop etc..


Ramesh Callore   06 July 2019

Ramesh Callore

 1 points

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Hi,

The peak tax rates for super rich are now at 42.7%.

Does this become the new maximum marginal rate of tax ?

if so, then trusts (most of them) which were being taxed at MMR also will be taxed higher now ?

Is there any exemption from this given to pooled investment vehicles like Category iii Alternate Investment funds setup as trusts ?

 

Thanks




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