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of <h1>New Tax Rule: Income with Unknown Beneficiaries Taxed at Maximum Rate, Clause 307, Income Tax Bill 2025</h1> Clause 307 of the Income Tax Bill, 2025, addresses tax charges on income where beneficiaries' shares are unknown or indeterminate. If income is not specifically receivable for any one person or the shares are unclear, it is taxed at the maximum marginal rate. Exceptions apply if beneficiaries have no other taxable income, the income is from a will-declared trust, or the trust was created before March 1, 1970, for the settlor's relatives or family members. Income from business profits is taxed at the maximum rate unless it benefits a dependent relative through a will-declared trust.
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