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        Income Tax

        Section 308 - Charge of tax in case of oral trust.

        Income-tax Act, 2025
        Part 3.
        Representative assesses—Special cases

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        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).
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            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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