Return filing obligation for business trusts required; treated as a standard income tax return with full Act provisions applying. Business trusts must compulsorily furnish a return of income for each previous year in respect of income or loss when not otherwise required, and such ... Summary
Return filing obligation for business trusts required; treated as a standard income tax return with full Act provisions applying.
Business trusts must compulsorily furnish a return of income for each previous year in respect of income or loss when not otherwise required, and such return is to be treated as if required under the general return provision so that the provisions of the Income Tax Act apply to that return.
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