Business Trust distributed income to non-resident unit holders attracts withholding at rates in force on every qualifying credit or payment.

Tax deduction at source applies when a Business Trust pays or credits specified distributed income to a non-resident unit holder other than a company, or to a foreign company. The obligation arises at the earlier of credit or payment. Tax is deductible at rates in force under the Income-tax Act or, where conditions are met, the beneficial rate under an applicable Double Taxation Avoidance Agreement. No monetary threshold applies to qualifying distributed income.

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