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trust

(Querist) 22 December 2009 This query is : Resolved 


as per sec 3 of WT act it is specified that trust is assessable as an individual ?

whether income tax act also follow the same treatment if yes what is the section for that? As per sec 2(31) there is no person specified as "trust " among 7 persons?
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Raj Kumar Makkad (Expert) 22 December 2009
Section 21 (A) of Trust Act.
A V Vishal (Expert) 23 December 2009
It is assessed as an AOP
Manish Singh (Expert) 23 December 2009
Mr. Vishal is right. it is taxed as an AoP.

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