Trust's Income Not Subject to 40% Maximum Marginal Rate u/s 164(1) for Tax Re-computation.

Trust's Income Not Subject to 40% Maximum Marginal Rate u/s 164(1) for Tax Re-computation. https://www.taxtmi.com/highlights?id=4312 Re-computation of income tax liability - to adopt the maximum marginal rate of 40% applicable under Section 164(1) - the maximum marginal rate could not be applied to the income of the Trust - HC en-us Sat, 07 Jul 2012 09:35:10 +0530 Sat, 07 Jul 2012 09:35:10 +0530 TaxTMI RSS Generator Trust's Income Not Subject to 40% Maximum Marginal Rate u/s 164(1) for Tax Re-computation. https://www.taxtmi.com/highlights?id=4312 Re-computation of income tax liability - to adopt the maximum marginal rate of 40% applicable under Section 164(1) - the maximum marginal rate could not be applied to the income of the Trust - HC Highlights Income Tax Sat, 07 Jul 2012 09:35:10 +0530 https://www.taxtmi.com/highlights?id=4312