How A Private Trust Taxed?

A private trust can have one trustee or more than one trustee who  are  treated as "representative assessee" for the purpose of assessment of the private trust .Representative Assessee is defined u/s 160(1)(iv) and 160(1)(v) of the I T Act. As per section 161(1) ,  trustee or trustees are taxed as if  it is their...

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