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of <h1>Oral Trusts Face Steep Tax Penalties: Unwritten Trust Income Taxed at Highest Marginal Rate Under Clause 308</h1> Clause 308 of the Income Tax Bill, 2025 addresses taxation of oral trusts in India, mandating that income from unwritten trusts be taxed at the maximum marginal rate. The provision aims to prevent tax avoidance by imposing a punitive tax regime on trusts lacking written documentation. Continuing the approach of Section 164A of the 1961 Act, the new clause seeks to discourage informal trust arrangements and encourage transparency in financial transactions by imposing strict tax consequences.
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