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...
Intestate Succession
As we discussed in the article ‘Succession Planning in India’, it implies the act of succeeding...