LAWyersclubindia LCI
Login  Register
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Trust created under will

(Querist) 30 August 2014 This query is : Resolved 
Sir
It is mentioned much in media articles and books on subjects of WILL that one discretionary trust created under will of testator enjoys status of individual for purpose of computing income tax liability and thus enjoys benefits of deduction under section 80-c the way an individual assessee enjoys. In my case this claim is rejected by ITO. I request experts to let me know exact sections or provisions of Income Tax Act or rules which provide this status to a discretionary trust created by WILL.
Report Abuse
Devajyoti Barman (Expert) 30 August 2014
looks like cademic query..
If you have any particular case at hand then give its background details.
Rajendra K Goyal (Expert) 30 August 2014
Academic query.
ajay sethi (Expert) 30 August 2014
academic query

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Laws Follow us





Browse by Category

Stay updated with latest Posts!