https://www.taxtmi.com/acts?id=51852 Income not specifically receivable for any one person, or where individual beneficiary shares are indeterminate or unknown, is chargeable at the maximum marginal rate. Such income is instead taxed at the rate applicable to an association of persons where statutory conditions are met, including absence of other taxable income for beneficiaries, single testamentary trusts, pre 1970 bona fide family trusts, or bona fide employee welfare funds. Identification rules treat income as not specifically receivable or shares as indeterminate unless expressly stated and ascertainable in the court order, trust instrument, or wakf deed. en-us Thu, 14 Aug 2025 17:39:51 +0530 Fri, 05 Sep 2025 14:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51852 Income not specifically receivable for any one person, or where individual beneficiary shares are indeterminate or unknown, is chargeable at the maximum marginal rate. Such income is instead taxed at the rate applicable to an association of persons where statutory conditions are met, including absence of other taxable income for beneficiaries, single testamentary trusts, pre 1970 bona fide family trusts, or bona fide employee welfare funds. Identification rules treat income as not specifically receivable or shares as indeterminate unless expressly stated and ascertainable in the court order, trust instrument, or wakf deed. Act-Rules Income Tax Thu, 14 Aug 2025 17:39:51 +0530 https://www.taxtmi.com/acts?id=51852