https://www.taxtmi.com/acts?id=4131 Where a trustee receives or is entitled to receive any income on behalf of or for the benefit of any person under an oral trust, tax shall be charged on such income at the maximum marginal rate; "oral trust" has the statutory meaning ascribed in the related explanation. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 04 Jul 2025 16:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4131 Where a trustee receives or is entitled to receive any income on behalf of or for the benefit of any person under an oral trust, tax shall be charged on such income at the maximum marginal rate; "oral trust" has the statutory meaning ascribed in the related explanation. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4131