Income Tax on Private Trusts with Determinate & Know Share of Beneficiaries By Anand Gupta TaxGuru

Income Tax on Private Trusts with Determinate & Know Share of Beneficiaries 1. What are the implications of tax under the IT Act for gift received by the Trust, being movable or immovable property or money, from relatives? 2. What are the implications of tax under the IT Act for gift received by the Trust, being movable or immovable property or money, from persons other than relatives?

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