Business Trust unit income may avoid tax deduction when it meets Schedule V conditions and the SPV has not exercised its option. Non-deduction of tax at source applies to income from units of a Business Trust otherwise covered by the TDS framework, where the income is of the nature ... Summary
Business Trust unit income may avoid tax deduction when it meets Schedule V conditions and the SPV has not exercised its option.
Non-deduction of tax at source applies to income from units of a Business Trust otherwise covered by the TDS framework, where the income is of the nature specified in Schedule V and the relevant Special Purpose Vehicle has not exercised the option under section 200. The exemption requires that the payment be qualifying Business Trust unit income, meet the prescribed Schedule V classification, and relate to an SPV that has not exercised that option.
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