I am an NRI from US. My only income in India is from House Property. My father is 75 years.; has filed my IT Return as Representative Assessee.He is not well. For AY 2008-09:-. i. Income House Property: 1 Apr 2007 to 31 Mar 2008. Rs 2,20,000/- 2. Tax (House tax) Rs 10010/ 3. 30%
How A Private Trust Taxed?
October 28, 2008 by
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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