Assertion: trust's income | /r/HasProperty | taxable
Facets:
Source sentences:
text: Any income distributed from the trust to the individual will be taxable on the individual’s personal income tax return.
text: In India, trusts set up for the social causes and approved by the Income Tax Department get not only exemption from payment of tax but also the donors to such trusts can deduct the amount of donation to the trust from their taxable income.