Beneficiary Tax

Tax Glossary Definition

Beneficiary Tax

Beneficiary Tax – Although not a formally defined concept, it generally describes the taxation of individuals who receive income, property, or other benefits from a trust, estate, or inheritance. The specific tax treatment varies by jurisdiction and depends on whether the income has already been taxed at the source entity.

Example: If a trust distributes ₹5 lakh of untaxed income to a beneficiary, that amount may be taxable in the beneficiary’s hands under applicable tax laws.

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