https://www.taxtmi.com/acts?id=18928 Income distributed by a business trust is treated in the hands of unit holders as of the same nature and proportion as it was received by or accrued to the trust; the trust's total income is chargeable at the maximum marginal rate subject to specified provisions. Specified distributed amounts are to be charged as income of the unit holder, an exception excludes certain receipts under section 56, and payors must furnish prescribed statements detailing the nature of distributed income to unit holders and the prescribed authority. en-us Fri, 15 Aug 2014 15:17:03 +0530 Mon, 23 Jun 2025 17:01:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18928 Income distributed by a business trust is treated in the hands of unit holders as of the same nature and proportion as it was received by or accrued to the trust; the trust's total income is chargeable at the maximum marginal rate subject to specified provisions. Specified distributed amounts are to be charged as income of the unit holder, an exception excludes certain receipts under section 56, and payors must furnish prescribed statements detailing the nature of distributed income to unit holders and the prescribed authority. Act-Rules Income Tax Fri, 15 Aug 2014 15:17:03 +0530 https://www.taxtmi.com/acts?id=18928