19-Aug-2024: 8TH CASE LAW UPDATE OF 2024: INCOME OF A TRUST EXEMPT FROM TAX DIVERTED TO BENEFICIARIES DUE TO OVERRIDING TITLE WILL STILL BE TAXED IN THE HANDS OF THE TRUST. MERE SETTING THE FUNDS APART IS NOT ENOUGH TO CLAIM EXEMPTION. OUTRIGHT EXPENDITURE IN WELFARE ACTIVITIES IS MUST

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Continue Reading19-Aug-2024: 8TH CASE LAW UPDATE OF 2024: INCOME OF A TRUST EXEMPT FROM TAX DIVERTED TO BENEFICIARIES DUE TO OVERRIDING TITLE WILL STILL BE TAXED IN THE HANDS OF THE TRUST. MERE SETTING THE FUNDS APART IS NOT ENOUGH TO CLAIM EXEMPTION. OUTRIGHT EXPENDITURE IN WELFARE ACTIVITIES IS MUST