Business Trust unit income may qualify for no tax deduction where specified income conditions and SPV election requirements are met. No deduction at source applies to specified income from units of a Business Trust where the income is of the nature identified in Schedule V and the ... Summary
Business Trust unit income may qualify for no tax deduction where specified income conditions and SPV election requirements are met.
No deduction at source applies to specified income from units of a Business Trust where the income is of the nature identified in Schedule V and the relevant Special Purpose Vehicle has not exercised the option under section 200. The treatment is available only if the payment falls within the prescribed Business Trust unit-income TDS category and all stated conditions, including the absence of the Special Purpose Vehicle election, are satisfied.
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