Business Trust unit income qualifies for no tax deduction when prescribed income conditions and the SPV option requirement are satisfied. Non-deduction of tax at source applies to income from units of a Business Trust otherwise covered by the withholding provision for distributions payable ... Summary
Business Trust unit income qualifies for no tax deduction when prescribed income conditions and the SPV option requirement are satisfied.
Non-deduction of tax at source applies to income from units of a Business Trust otherwise covered by the withholding provision for distributions payable to a non-resident, 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. Eligibility is confined to payments satisfying the prescribed income classification and SPV condition.
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