If dividend/capital gain distribution were made to a trust and the trustee paid tax on these income and retain the income as corpus of the trust. Later the trustee distribute these corpus income, does the income become tax-free in the hands of the beneficiaries?
Hi @Kitty_J
I've got an answer for you.
Amounts distributed from the trust corpus to a beneficiary won't be assessable in the hands of the beneficiaries, as long as the following are met:
Hi @Kitty_J
We will check this out and let you know.
Hi @Kitty_J
I've got an answer for you.
Amounts distributed from the trust corpus to a beneficiary won't be assessable in the hands of the beneficiaries, as long as the following are met:
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