https://www.taxtmi.com/article/detailed?id=8234 Trusts are categorized as fixed or discretionary; trustees act as representative assessees and are assessed in the status of beneficiaries when shares are determinate. Where beneficiary shares are indeterminate or for certain oral trusts, relevant trust income is chargeable at the maximum marginal rate, subject to statutory exceptions. Public charitable trusts must observe prescribed investment modes; non permitted investments are taxable only on income from those investments. Commercial accounting, depreciation, anonymous donation rules and procedural compliance (registration, Form 10 filing, PAN/return practicalities) materially affect tax treatment. en-us Thu, 08 Nov 2018 10:53:44 +0530 Wed, 11 Feb 2026 15:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8234 Trusts are categorized as fixed or discretionary; trustees act as representative assessees and are assessed in the status of beneficiaries when shares are determinate. Where beneficiary shares are indeterminate or for certain oral trusts, relevant trust income is chargeable at the maximum marginal rate, subject to statutory exceptions. Public charitable trusts must observe prescribed investment modes; non permitted investments are taxable only on income from those investments. Commercial accounting, depreciation, anonymous donation rules and procedural compliance (registration, Form 10 filing, PAN/return practicalities) materially affect tax treatment. Articles Income Tax Thu, 08 Nov 2018 10:53:44 +0530 https://www.taxtmi.com/article/detailed?id=8234