Bare ActsIncome tax Act, 1961

Section 165

Case where part of trust income is chargeable.--

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Where part only of the income of a trust is chargeable under this Act, that proportion only of the income receivable by a beneficiary from the trust which the part so chargeable bears to the whole income of the trust shall be deemed to have been derived from that part.

Section 165 – Income tax Act, 1961 | DailyLaw.ai