Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Definition of trust clarifies tax treatment under income-tax law and interaction with allied enactments for trustees and beneficiaries' obligations. Definition of trust under Section 3 of the Indian Trusts Act, 1882 determines which arrangements qualify as trusts and frames trustees' and beneficiaries' ... Summary
Definition of trust clarifies tax treatment under income-tax law and interaction with allied enactments for trustees and beneficiaries' obligations.
Definition of trust under Section 3 of the Indian Trusts Act, 1882 determines which arrangements qualify as trusts and frames trustees' and beneficiaries' obligations; this statutory meaning is material for applying the Income-tax Act, 1961 and allied enactments to allocate tax liabilities, exemptions, reporting duties, and other fiscal consequences.
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