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Trust Audit Rules

How is trust income distributed or retained within the trust?

Trust income is distributed or retained within the trust based on the terms of the trust deed and applicable legal requirements. Here’s how the process typically works:   1. Distribution to Beneficiaries:     Trust income, such as interest, dividends, or rental income, is often distributed to beneficiaries according to the trust deed. This could be in the form of regular payments or lump sums, depending on the terms outlined.   2. Retained Earnings:     Some incom


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