Tax treatment of unit holder receipts: section 115UA not to apply to business trust distributions from April 2024. The amendment inserts sub section (3A) in section 115UA providing that sub sections (1), (2) and (3) shall not apply to any sum referred to in clause (xii) of sub section (2) of section 56 received by a unit holder from a business trust; the change takes effect from 1 April 2024 and applies to the relevant assessment year and subsequent assessment years.
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Provisions expressly mentioned in the judgment/order text.
Tax treatment of unit holder receipts: section 115UA not to apply to business trust distributions from April 2024.
The amendment inserts sub section (3A) in section 115UA providing that sub sections (1), (2) and (3) shall not apply to any sum referred to in clause (xii) of sub section (2) of section 56 received by a unit holder from a business trust; the change takes effect from 1 April 2024 and applies to the relevant assessment year and subsequent assessment years.
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