Tax on oral trust income charged at maximum marginal rate regardless of other provisions principle. Tax is charged on income received or receivable by a trustee under an oral trust at the maximum marginal rate, irrespective of any other provision of the ... Summary
Tax on oral trust income charged at maximum marginal rate regardless of other provisions principle.
Tax is charged on income received or receivable by a trustee under an oral trust at the maximum marginal rate, irrespective of any other provision of the Act; "oral trust" has the meaning given in section 303(3).
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