Income Tax Rates for Trusts

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Certain Trusts - Section 115TD Special provision of Tax in case of Business Trusts - Section 115UA However, in certain specific cases, taxes are applicable at the following rates: Sr. No. Section Income Rate of Income Tax 1 161(1A) Private Trust - Income includes Profit and gains from business 30% (Maximum Marginal Rate) 2 161(1) Private Trust - Income does not include Profit and gain....