|Question And Answer|
|Subject:||Surcharge in case if maximum marginal rate for AOP|
|Answered by:||Reply of the Expert is awaited;|
|Tags:||Association of persons (AOP), Marginal Tax, Taxation of Trusts|
|Date:||July 21, 2023|
A family trust having income by way of mainly dividend income.
Share is defined and all their individual incomes are over maximum amount not chargeable to tax.
Question is whether in the case of surcharge the portion of dividend income will be restricted to 15% as per finance act or full 37% need to be charged or it will depend on surcharge slab as per total income.
Reply of the Expert is awaited. Please check back later