Distributed interest under section 194LBA classified within section 115A's specified incomes, expanding taxable categories accordingly. Insertion of a new sub-clause in section 115A classifies distributed income that is interest referred to in sub-section (2) of section 194LBA as an income ... Summary
Distributed interest under section 194LBA classified within section 115A's specified incomes, expanding taxable categories accordingly.
Insertion of a new sub-clause in section 115A classifies distributed income that is interest referred to in sub-section (2) of section 194LBA as an income type within section 115A; related textual amendments add references to the new sub-clause in item (BA) and item (D).
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