<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Section 167B: AOP/BOI taxed at max rate if income is unknown; Deity as sole beneficiary taxed as individual.</title>
    <link>https://www.taxtmi.com/highlights?id=47369</link>
    <description>Assessment of trust - Tax rate - provisions of Sec.167B applies to an AOP or BOI where its income is indeterminate or unknown then the tax shall be charged at the maximum marginal rate - it is a fact that the Deity is the sole beneficiary in present case, the tax rates and the slabs as applicable to an individual would apply</description>
    <language>en-us</language>
    <pubDate>Sat, 22 Jun 2019 08:10:13 +0530</pubDate>
    <lastBuildDate>Sat, 22 Jun 2019 08:10:13 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=576192" rel="self" type="application/rss+xml"/>
    <item>
      <title>Section 167B: AOP/BOI taxed at max rate if income is unknown; Deity as sole beneficiary taxed as individual.</title>
      <link>https://www.taxtmi.com/highlights?id=47369</link>
      <description>Assessment of trust - Tax rate - provisions of Sec.167B applies to an AOP or BOI where its income is indeterminate or unknown then the tax shall be charged at the maximum marginal rate - it is a fact that the Deity is the sole beneficiary in present case, the tax rates and the slabs as applicable to an individual would apply</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Sat, 22 Jun 2019 08:10:13 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=47369</guid>
    </item>
  </channel>
</rss>