TaxTMI 
TaxTMI 
Taxation on Special Rate Income for Private Discretionary Trust
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....axation on Special Rate Income for Private Discretionary Trust<br>Query (Issue) Started By: - PRIYAM KHAMBHATA Dated:- 12-9-2026 Income Tax Got 0 Replies <br> Income Tax<br>Respected Sir My Private....
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.... Discretionary Trust having indeterminate share of beneficiaries,. According to Section 164(1), Income of the private discretionary trust would be charged tax at the Maximum Marginal Rate (MM....
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....R), when the individual shares of the beneficiary are indeterminate or unknown. Therefore, slab rate is not applicable to SVAR Family Trust. In Return of Income filed for AY 2025-26, there....
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.... were Income from House Property, Capital Gain, Business & Profession and Income from other sources. In the Return of Income filed, Tax has been charged at MMR on Income from House Property, Inc....
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....ome from Business & Profession and Income from Other Sources. and Tax has been charged at special rate on special rate income (Capital gain income). While processing the Return of Income by Income t....
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....ax -CPC, entire incomes (including Special Rate Income from Capital Gain) have been Taxed at MMR Rate and demand raised. Please guide me, what would be action taken against the demand rais....
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....ed due to the reason Special Rate Income taxed at MMR. <br>***<br> Discussion Forum - Knowledge Sharing ....