https://www.taxtmi.com/manuals?id=4522 Section 13(2) deems trust income or property to be used for the benefit of specified persons when transactions with them occur: loans without adequate interest or security; use of trust property without adequate rent; excess or inadequate payments for services; purchases or sales at excessive or inadequate consideration; diversion of income or property beyond a small threshold; and investments in concerns where those persons have a substantial interest. Section 13(4) preserves exemption for other income when aggregate investment in such a concern does not exceed a de minimis portion of its capital. "Substantial interest" is defined by reference to voting power in companies and profit entitlement in other concerns. en-us Thu, 25 Apr 2024 15:28:00 +0530 Thu, 25 Apr 2024 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4522 Section 13(2) deems trust income or property to be used for the benefit of specified persons when transactions with them occur: loans without adequate interest or security; use of trust property without adequate rent; excess or inadequate payments for services; purchases or sales at excessive or inadequate consideration; diversion of income or property beyond a small threshold; and investments in concerns where those persons have a substantial interest. Section 13(4) preserves exemption for other income when aggregate investment in such a concern does not exceed a de minimis portion of its capital. "Substantial interest" is defined by reference to voting power in companies and profit entitlement in other concerns. Manuals Income Tax Thu, 25 Apr 2024 15:28:00 +0530 https://www.taxtmi.com/manuals?id=4522