https://www.taxtmi.com/acts?id=46318 Wealth-tax is leviable on trustees where trust property or income held for public charitable or religious purposes is used or applied, or where income endures, for the benefit of persons disqualified under income tax law; the tax is charged on the trustee as if the property were held by an individual resident citizen, at individual rates or an alternative rate, whichever is more beneficial to revenue, subject to carve outs for mandatory pre commencement uses and a small investment safe harbour, and with a twelve month deeming rule for applications benefiting disqualified persons. en-us Wed, 18 Dec 2024 11:50:51 +0530 Wed, 18 Dec 2024 11:50:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46318 Wealth-tax is leviable on trustees where trust property or income held for public charitable or religious purposes is used or applied, or where income endures, for the benefit of persons disqualified under income tax law; the tax is charged on the trustee as if the property were held by an individual resident citizen, at individual rates or an alternative rate, whichever is more beneficial to revenue, subject to carve outs for mandatory pre commencement uses and a small investment safe harbour, and with a twelve month deeming rule for applications benefiting disqualified persons. Act-Rules F. Acts / Amendment Acts Wed, 18 Dec 2024 11:50:51 +0530 https://www.taxtmi.com/acts?id=46318