TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 3 of Indian Trusts Act Defines 'Trust' and Its Role in Taxation Under Income Tax Act, 1961.</h1> The Indian Trusts Act, 1882, outlines the legal framework for the creation and operation of trusts in India. Section 3 provides the interpretation clause for the term 'trust,' defining it as an obligation annexed to the ownership of property, arising out of a confidence reposed in and accepted by the owner for the benefit of another or others. This section is referenced in the Income Tax Act, 1961, indicating its relevance in the context of taxation laws and the treatment of income derived from trust properties.
TaxTMI 
TaxTMI 
