https://www.taxtmi.com/manuals?id=4529 Section 308 establishes a special charging rule for income received or receivable by a trustee on behalf of, or for the benefit of, any person under an oral trust. Where the trustee is entitled to such income and it arises under an oral trust, the income is chargeable at the maximum marginal rate. "Oral trust" has the meaning assigned under section 303(3), and the provision applies irrespective of anything contained in any other provision of the Act. en-us Thu, 02 May 2024 15:00:00 +0530 Fri, 09 Oct 2026 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4529 Section 308 establishes a special charging rule for income received or receivable by a trustee on behalf of, or for the benefit of, any person under an oral trust. Where the trustee is entitled to such income and it arises under an oral trust, the income is chargeable at the maximum marginal rate. "Oral trust" has the meaning assigned under section 303(3), and the provision applies irrespective of anything contained in any other provision of the Act. Manuals Income Tax Thu, 02 May 2024 15:00:00 +0530 https://www.taxtmi.com/manuals?id=4529