Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Tax deduction on business trust distributions: withholding obligation broadened and rate allocation restructured between income categories. The Bill amends the withholding rule for distributions by business trusts by removing a limiting textual reference and expanding the deduction obligation ... Summary
Tax deduction on business trust distributions: withholding obligation broadened and rate allocation restructured between income categories.
The Bill amends the withholding rule for distributions by business trusts by removing a limiting textual reference and expanding the deduction obligation to distributions characterised under the income-from-units provisions for both residents and non-residents, and by reallocating distinct withholding rates between the two categories of such distributed income.
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