https://www.taxtmi.com/acts?id=18670 The Chapter treats income distributed by a business trust as being of the same nature and proportion in the hands of the unit holder as it was in the trust; the trust's total income is taxed at the maximum marginal rate while capital gains follow existing capital gains provisions; distributed amounts matching the class under clause (23FC) of section 10 are deemed income of the unit holder and taxed in the previous year; payers must provide prescribed statements to unit holders and the authority. en-us Fri, 11 Jul 2014 16:10:24 +0530 Fri, 11 Jul 2014 16:10:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18670 The Chapter treats income distributed by a business trust as being of the same nature and proportion in the hands of the unit holder as it was in the trust; the trust's total income is taxed at the maximum marginal rate while capital gains follow existing capital gains provisions; distributed amounts matching the class under clause (23FC) of section 10 are deemed income of the unit holder and taxed in the previous year; payers must provide prescribed statements to unit holders and the authority. Act-Rules Bills Fri, 11 Jul 2014 16:10:24 +0530 https://www.taxtmi.com/acts?id=18670