https://www.taxtmi.com/acts?id=46162 Where income payable to representative assessees is not specifically receivable for identifiable beneficiaries or beneficiary shares are indeterminate, tax is charged either as if the income were the total income of an association of persons or at a prescribed fixed rate, whichever is more beneficial to revenue. Exceptions mandate association treatment where beneficiaries have no other chargeable income, the income arises under a will, the trust predates a specified date and is bona fide for dependants, or where the income funds bona fide employee benefit funds. Charitable exemptions apply before these computations. en-us Thu, 12 Dec 2024 18:09:56 +0530 Thu, 12 Dec 2024 18:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46162 Where income payable to representative assessees is not specifically receivable for identifiable beneficiaries or beneficiary shares are indeterminate, tax is charged either as if the income were the total income of an association of persons or at a prescribed fixed rate, whichever is more beneficial to revenue. Exceptions mandate association treatment where beneficiaries have no other chargeable income, the income arises under a will, the trust predates a specified date and is bona fide for dependants, or where the income funds bona fide employee benefit funds. Charitable exemptions apply before these computations. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 18:09:56 +0530 https://www.taxtmi.com/acts?id=46162