Income Tax, Update

What we added to the Telescope this week!

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.

And here’s a major case law update for an issue on
Foreign exchange fluctuation loss: Deductibility of such loss for tax purposes


All you need is Riverus Telescope!

About Riverus

Riverus is a legal insight company. Our income tax research tool is built using robust technology, and powered by machine learning for a sophisticated, quick, and efficient experience.

Share your thoughts using the comment section below

%d bloggers like this: