Mera Samvidhaan All of Income-tax Act, 1961

Chapter XV · Liability in Special Cases

164ACharge of tax in case of oral trust.

Section 164A · Chapter XV · C.—Representative assessees - Special cases · page 674 of the Act

Where a trustee receives or is entitled to receive any income on behalf or for the benefit of any person under an oral trust, then, notwithstanding anything contained in any other provision of this Act, tax shall be charged on such income at the maximum marginal rate.

Explanation.—For the purposes of this section,—

(i) [***]

(ii) "oral trust" shall have the meaning assigned to it in Explanation 2 below sub-section (1) of section 160.

Other provisions that mention Section 164A

Section 164A of The Income-tax Act, 1961 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.