Taxability Of Trust

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41 Points Posted on 03 October 2020
what will be the tax treatment if less than 85% of the Income derived is applied. And such Total Income is less than exemption limit.
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On 03 October 2020 at 17:08 Report
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This discussion clarifies the tax treatment for trusts where less than 85% of the derived income is applied. If the total income generated by the trust is below the tax exemption limit, then the income is considered exempt from tax.

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Tax and Business Consultant
11616 Points Posted on 04 October 2020
If income below Exemption limit, than its Exempt......
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On 04 October 2020 at 13:42
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41 Points Posted on 04 October 2020
Ok Thanks
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On 04 October 2020 at 18:33

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