Hello Sir/Madam,
Can minor trust be used as tax planning?
The trust income is taxable in the hands of minor beneficiary, Whether clubbing provisions attracts here?
Menu
Trust
Replies (1)
Clubbing provision is attracted only when personal skill or intelligence of minor is not the reason to earn such income. If trust income is earned by the minor using his skill than only clubbing provision will not apply otherwise it will.
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
