K-1) Taxation of a Family Trust
ref --and acknowledgements --- --http://taxguru.in/income-tax/taxation-private-trust-tax-planning.html
Our Family Trust will be a Private Trust --- Discretionary Trust --with no business Income
How to calculate tax in the case of private discretionary trusts?
a. If income does not includes Profit & Gain From Business & profession (PGBP) income-
i. General rate-30%+3% (EC)