Liability of representative assessee.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... income were income received by or accruing to or in favour of him beneficially and for this purpose,-- (a) the representative assessee shall be liable to assessment and any other proceedings under this Act, in his own name in respect of that income and any such proceedings shall be deemed to be made upon him in his representative capacity only; and (b) the tax on such income sha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Act, then the proportion of income receivable by a beneficiary from such trust derived from the chargeable part shall be determined as follows:- A x C, B Where,- A = the chargeable part of the income of the trust; B = the whole income of the trust; and C = the income receivable by the beneficiary from the trust. (5) The Assessing Officer sha....