Tax treatment of distributed income from business trusts excluded from unit holders' taxable income under amended provision. The amendment provides that distributed income from a business trust received by a unit holder which is of the same nature as the dividend referred to in ... Summary
Tax treatment of distributed income from business trusts excluded from unit holders' taxable income under amended provision.
The amendment provides that distributed income from a business trust received by a unit holder which is of the same nature as the dividend referred to in sub-section (7) of section 115-O shall not be included in the total income of such unit holder, with effect from 1st April, 2017.
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