Private Trust Taxation involves the tax treatment of income earned by a private trust and its distribution to beneficiaries. In India, irrevocable trusts are taxed either in the trust's hands or the beneficiaries' hands, while revocable trusts are taxed in the settlor's hands. ASC Group offers expert guidance to ensure compliance with tax laws and effective tax planning for private trusts.
For more:- https://www.ascgroup.in/taxation-of-family-and-private-trusts-in-india/
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