https://www.taxtmi.com/manuals?id=4528 Section 307 imposes the maximum marginal rate where income is not specifically receivable for one beneficiary or beneficiary shares are indeterminate or unknown. The association of persons rate applies instead where specified conditions cover beneficiaries with limited other income and no other trust interest, a sole testamentary trust, qualifying historic family trusts, or exclusive employee-benefit funds. Business income of the specified representative assessee category generally remains subject to the maximum marginal rate, subject to the qualifying sole testamentary trust exception. en-us Wed, 01 May 2024 18:54:00 +0530 Fri, 09 Oct 2026 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4528 Section 307 imposes the maximum marginal rate where income is not specifically receivable for one beneficiary or beneficiary shares are indeterminate or unknown. The association of persons rate applies instead where specified conditions cover beneficiaries with limited other income and no other trust interest, a sole testamentary trust, qualifying historic family trusts, or exclusive employee-benefit funds. Business income of the specified representative assessee category generally remains subject to the maximum marginal rate, subject to the qualifying sole testamentary trust exception. Manuals Income Tax Wed, 01 May 2024 18:54:00 +0530 https://www.taxtmi.com/manuals?id=4528