Whether section 56(2)(x) of the IT Act apply on ‘Interest in partnership firm’ ?
Recently Bengaluru bench of Income Tax Appellate Tribunal (‘the ITAT’) in case of Buckeye Trust (‘Taxpayer’)
Computation of maximum marginal tax rate applicable to private discretionary trust
In the recent order by Hon’ble Income Tax Appellate Tribunal, Mumbai bench (‘the ITAT’), it was
Assets held through private family trust, taxable in the hands of beneficiary(ies)?
In India, the concept of joint family has been prevalent since many decades. Also, many such
Tax provisions after Death
When it comes to taxation, India is certainly one of those Countries having complex taxation provisions
Tax status of private discretionary trust is akin to an Individual and not an AOP?
Private Family Trusts are the popular way for succession planning since arrangement for protection of wealth
Transfer of shares to Private Family Trust amounts to benefit/ perquisite?
In India, joint family concept has been prevalent and so the concept of succession. For the
Succession through Gift during lifetime
Succession through Gift during the lifetime of an individual is another mode of inheritance, where during
Succession through HUF Structure
The Concept of HUF is famously adopted in India due to its cultural values amongst Indian
Succession through Will
A Will is traditionally considered as the most commonly adopted tool for succession planning. In common
Property Received on account of family settlement, not liable to tax?
In India, the concept of joint family has been prevalent since many decades. Once the families