TaxTMI 
TaxTMI 
Charge of tax where share of beneficiaries unknown
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....eneficiary under any other trust; or] (ii) the relevant income or part of relevant income is receivable 6[under a trust declared by any person by will and such trust is the only trust so declared by him]; or (iii) the relevant income or part of relevant income is receivable under a trust created before the 1st day of March, 1970, by a non-testamentary instrument and the 18[Assessing Officer] is satisfied, having regard to all the circumstances existing at the relevant time, that the trust was created bona fide exclusively for the benefit of the relatives of the settlor, or where the settlor is a Hindu undivided family, exclusively for the benefit of the members of such family, in circumstances where such relatives or members were mainly dependent on the settlor for their support and maintenance; or (iv) the relevant income is receivable by the trustees on behalf of a provident fund, superannuation fund, gratuity fund, pension fund or any other fund created bona fide by a person carrying on a business or profession exclusively for the benefit of persons employed in such business or profession, tax shall be charged 7[on the relevant income or part of relevant income as if it] ....
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....me which is applicable to purposes other than charitable or religious purposes, and which is either not specifically receivable on behalf or for the benefit of any one person or in respect of which the shares of the beneficiaries are indeterminate or unknown, at the maximum marginal rate:] Provided that in a case where - 9[(i) none of the beneficiaries in respect of the part of the relevant income which is not applicable to charitable or religious purposes has any other income chargeable under this Act exceeding the maximum amount not chargeable to tax in the case of an association of persons or is a beneficiary under any other trust; or] (ii) the relevant income is receivable 10[under a trust declared by any person by will and such trust is the only trust so declared by him]; or (iii) the relevant income is receivable under a trust created before the 1st day of March, 1970, by a non-testamentary instrument and the 19[Assessing Officer] is satisfied, having regard to all the circumstances existing at the relevant time, that the trust, to the extent it is not for charitable or religious purposes, was created bona fide exclusively for the benefit of the relatives of the settlo....
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....971 before it was read as, "Charge of tax where share of beneficiaries unknown 164. Where any income in respect of which the persons mentioned in clauses (iii) and (iv) of sub-section (1) of section 160 are liable as representative assessees or any part thereof, is not specifically receivable on behalf or for the benefit of any one person, or where the individual shares of the persons on whose behalf or for whose benefit such income or such part thereof is receivable (which persons are hereinafter in this section referred to as the beneficiaries) are indeterminate or unknown, tax shall be charged as if such income or such part thereof were the total income of an association of persons, or, where such income or such part thereof is actually received by a beneficiary, then at the rate or rates applicable to the total income or total world income of the beneficiary if such course would result in a benefit to the revenue." 2. Substituted vide Section 27 of the Finance Act, 1972 w.e.f. 01-04-1973 before it was read as, "tax shall be charged on so much of the relevant income as is not exempt under section 11" 3. Substituted vide Section 27 of the Finance Act, 1972....
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....s, "(i) none of the beneficiaries in respect of the part relevant income which is not applicable to charitable or religious purposes has any other income chargeable under this Act; or" 10. Substituted vide Section 27 of the Finance (No. 2) Act, 1980 w.e.f. 01-04-1980 before it was read as, "under a trust declared by will" 11. Substituted vide Section 27 of the Finance (No. 2) Act, 1980 w.e.f. 01-04-1980 before it was read as, "as if the relevant income" 12. Inserted vide Section 27 of the Finance (No. 2) Act, 1980 w.e.f. 01-04-1980 13. Inserted vide Section 37 of the Finance Act, 1983 w.e.f. 01-04-1984 14. Inserted vide Section 37 of the Finance Act, 1983 w.e.f. 01-04-1984 15. Inserted vide Section 21 of the Finance Act, 1984 w.e.f. 01-04-1985 16. Inserted vide Section 21 of the Finance Act, 1984 w.e.f. 01-04-1985 17. Inserted vide Section 21 of the Finance Act, 1984 w.e.f. 01-04-1985 18. Substituted vide Section 2 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1988 before it was read as, "Income-tax Officer" 19. Substituted vide Secti....