What is Charge of tax in case of oral trust? What is the case where part of trust income is chargeable? What is Direct assessment or recovery not barred? Section 164a, 165 and 166 of Income Tax Act 1961

Charge of tax in case of oral trust, Case where part of trust income is chargeable and Direct assessment or recovery not barred are defined under section 164A, 165 and 166 of Income Tax Act 1961. Provisions under these Sections are :

Section 164A of Income Tax Act "Charge of tax in case of oral trust"

164A. Where a trustee receives or is entitled to receive any income on behalf or for the benefit of any person under an oral trust, then, notwithstanding anything contained in any other provision of this Act, tax shall be charged on such income at the maximum marginal rate.

Explanation.-For the purposes of this section,-

(i) [***]

(ii) "oral trust" shall have the meaning assigned to it in Explanation 2 below sub-section (1) of section 160.

 

Section 165 of Income Tax Act "Case where part of trust income is chargeable"

165. 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 166 of Income Tax Act "Direct assessment or recovery not barred"

166. Nothing in the foregoing sections in this Chapter shall prevent either the direct assessment of the person on whose behalf or for whose benefit income therein referred to is receivable, or the recovery from such person of the tax payable in respect of such income.

Income Tax Act 1961

What is Liability of representative assessee? What is the Right of representative assessee to recover tax paid Section 161 and 162 of Income Tax Act 1961

Who may be regarded as agent? What is Charge of tax where share of beneficiaries unknown? Section 163 and 164 of Income Tax Act 1961

What is Charge of tax in case of oral trust? What is the case where part of trust income is chargeable? What is Direct assessment or recovery not barred? Section 164a, 165 and 166 of Income Tax Act 1961

What are Remedies against property in cases of representative assessees? What is Charge of tax in the case of a firm? What is Charge of tax where shares of members in association of persons or body of individuals unknown? Section 167, 167A and 167B of Income Tax Act 1961

What are Liability of partners of limited liability partnership in liquidation? Who are Executors? Section 167C and 168 of Income Tax Act 1961

What is Right of executor to recover tax paid? What is Succession to business otherwise than on death? Section 169 and 170 of Income Tax Act 1961

What is Assessment after partition of a Hindu undivided family? What is Shipping business of non-residents? Section 171 and 172 of Income Tax Act 1961

What is Recovery of tax in respect of non-resident from his assets? What is Assessment of persons leaving India? Section 173 and 174 of Income Tax Act 1961

What is Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose? What is Assessment of persons likely to transfer property to avoid tax? Section 174A and 175 of Income Tax Act 1961

What is Discontinued business? What is Association dissolved or business discontinued? Section 176 and 177 of Income Tax Act 1961

What is Company in liquidation? What is Liability of directors of private company in liquidation? What is Royalties or copyright fees for literary or artistic work? Section 178, 179 and 180 of Income Tax Act 1961