Business trust unit income qualifies for no withholding when specified income conditions and SPV election requirements are satisfied. Income from units of a Business Trust qualifies for no deduction at source where it is within the specified Schedule V income category and the relevant ... Summary
Business trust unit income qualifies for no withholding when specified income conditions and SPV election requirements are satisfied.
Income from units of a Business Trust qualifies for no deduction at source where it is within the specified Schedule V income category and the relevant Special Purpose Vehicle has not exercised the option under section 200. The treatment applies only if the payment is covered income from Business Trust units, the income has the prescribed nature, and the Special Purpose Vehicle has not exercised that option.
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