https://www.taxtmi.com/manuals?id=4530 Section 304 makes a representative assessee liable for relevant income in the same manner and extent as the person represented, while preserving the representative character of the assessment. It bars assessment of the representative assessee under another provision for the same income, permits direct assessment or recovery from the beneficiary or other represented person, and proportionately allocates chargeable trust income to a beneficiary through the formula (A x C) / B. Recovery may also proceed against property vested in, controlled by, or managed by the representative assessee. en-us Thu, 02 May 2024 15:19:00 +0530 Fri, 09 Oct 2026 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4530 Section 304 makes a representative assessee liable for relevant income in the same manner and extent as the person represented, while preserving the representative character of the assessment. It bars assessment of the representative assessee under another provision for the same income, permits direct assessment or recovery from the beneficiary or other represented person, and proportionately allocates chargeable trust income to a beneficiary through the formula (A x C) / B. Recovery may also proceed against property vested in, controlled by, or managed by the representative assessee. Manuals Income Tax Thu, 02 May 2024 15:19:00 +0530 https://www.taxtmi.com/manuals?id=4530