Business Trust distributed income requires withholding at rates in force for qualifying payments or credits to non-resident unit holders.

A Business Trust must deduct tax at source on qualifying distributed income paid or credited to a non-resident unit holder other than a company, or to a foreign company. The income must be referred to in section 223 and be of the specified nature in Schedule V. Tax is deductible at the rates in force at the earlier of credit or payment. No monetary threshold applies, and every qualifying distribution is subject to withholding.

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