https://www.taxtmi.com/acts?id=6379 Assets chargeable under the Act held by courts of wards, administrator-generals, official trustees, receivers, managers or trustees are assessable and recoverable from those holders as if from the persons for whom the assets are held. If asset value exceeds beneficiaries' interests or beneficiaries are indeterminate, the holder is liable for the excess or for assessment as if the beneficial owners were resident individuals, subject to specified exceptions and procedural deeming rules for trusts not in writing. Holders who pay may recover sums from beneficiaries. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 11 Sep 2012 13:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6379 Assets chargeable under the Act held by courts of wards, administrator-generals, official trustees, receivers, managers or trustees are assessable and recoverable from those holders as if from the persons for whom the assets are held. If asset value exceeds beneficiaries' interests or beneficiaries are indeterminate, the holder is liable for the excess or for assessment as if the beneficial owners were resident individuals, subject to specified exceptions and procedural deeming rules for trusts not in writing. Holders who pay may recover sums from beneficiaries. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6379