https://www.taxtmi.com/acts?id=18811 Income distributed by a business trust to unit holders is treated in the hands of the unit holder as of the same nature and proportion as when received or accrued by the trust; the trust's total income is taxed at the maximum marginal rate subject to specified capital gains provisions; distributed amounts that correspond to exempt categories are deemed income of the unit holder in the previous year; payors must furnish prescribed statements to unit holders and the designated authority detailing the nature of income paid. en-us Mon, 11 Aug 2014 17:56:05 +0530 Mon, 11 Aug 2014 17:56:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18811 Income distributed by a business trust to unit holders is treated in the hands of the unit holder as of the same nature and proportion as when received or accrued by the trust; the trust's total income is taxed at the maximum marginal rate subject to specified capital gains provisions; distributed amounts that correspond to exempt categories are deemed income of the unit holder in the previous year; payors must furnish prescribed statements to unit holders and the designated authority detailing the nature of income paid. Act-Rules F. Acts / Amendment Acts Mon, 11 Aug 2014 17:56:05 +0530 https://www.taxtmi.com/acts?id=18811