Taxability of an offshore discretionary trust having resident and non-resident beneficiaries: Implications at time of accrual of income vs distribution of income
Know the tax implications on discretionary trusts that are set up outside India. Offshore discretionary trusts can be set up by a resident or a non-resident of India and have resident as well as non-residents beneficiaries. This issue provides various cases which deal with the taxability of an offshore discretionary trust in India at the time of accruing of income and distribution of income.
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Foreign exchange fluctuation loss: Deductibility of such loss for tax purposes
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