TDS on business trust distributions: withholding required on unit-holder receipts with specified timing and residency-based rates. Section 194LBA mandates withholding when a business trust distributes income that is interest or dividend from a special purpose vehicle or rental income of a REIT; withholding is at credit or payment, with residency based rates for residents and non residents, specific higher rates for foreign companies, exclusion where the SPV has not exercised a specified option, and higher withholding consequences when a recipient does not furnish PAN.