https://www.taxtmi.com/acts?id=18684 Section 194LBA requires the person responsible for payment of distributed income of a business trust (as referred to in section 115UA and clause (23FC) of section 10) to deduct tax at the time of credit or payment. The provision prescribes differential withholding by residency, applying a lower deduction for nonresident unit holders (excluding companies) and a higher deduction for resident unit holders, and takes effect from 1 October 2014. en-us Fri, 11 Jul 2014 16:24:09 +0530 Fri, 11 Jul 2014 16:24:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18684 Section 194LBA requires the person responsible for payment of distributed income of a business trust (as referred to in section 115UA and clause (23FC) of section 10) to deduct tax at the time of credit or payment. The provision prescribes differential withholding by residency, applying a lower deduction for nonresident unit holders (excluding companies) and a higher deduction for resident unit holders, and takes effect from 1 October 2014. Act-Rules Bills Fri, 11 Jul 2014 16:24:09 +0530 https://www.taxtmi.com/acts?id=18684