Surcharge Rate charging for Family Trust (Not created through `will ) for AY 2026-27 - As per New Tax Regime 115BAC

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....urcharge Rate charging for Family Trust (Not created through `will ) for AY 2026-27 - As per New Tax Regime 115BAC<br> Query (Issue) Started By: - PRIYAM KHAMBHATA Dated:- 10-6-2025 Last Reply Date:- ....

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....6-4-2026 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Sir A - Family Trust (Not created through `will) having not determined shares of members and estimated total income exceeds of Rs. 5,00,00,0....

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....00 for FY 2025-26. What would be tax charging rate (i) slab rate or (ii) MMR.&nbsp; If MMR will be charged then what would be the rate of surchare. (i) 37% or (ii) 25%.&nbsp; Please guide me&nbsp; ....

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.... &nbsp; Reply By Harshit Singh: The Reply: Whether the maximum surcharge cap of 25% prescribed under Section 115BAC of the Income-tax Act, 1961 is applicable to a private discretionary trust as....

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....sessed in the status of an AOP and opting for taxation under the new tax regime?<br> Discussion Forum - Knowledge Sharing ....