Interest on bank deposits earned by an AOP being a determinate trust is taxable in the hands of beneficiaries

INCOME TAX : If assessee-trust was a determinate trust, interest income earned on bank deposits would be assessed in hands of assessee’s beneficiaries and not assesseeINCOME TAX : If assessee-trust was a determinate trust, interest income earned on bank deposits would be assessed in hands of assessee’s beneficiaries and not assesseewww.taxmann.com Latest Case LawsRead More

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