https://www.taxtmi.com/manuals?id=2536 TDS under Section 194LBA requires the payer to deduct tax on distributions by business trusts at the time of credit or payment: resident unit holders are subject to a 10% deduction and non resident unit holders or foreign companies to a reduced rate for certain receipts. Interest, dividend and rental distributions are each subject to withholding at the specified resident and non resident rates; interest on external commercial borrowings is eligible for a reduced withholding rate under the separate ECB provision and taxed in the hands of non residents under the relevant non resident tax provision. en-us Tue, 28 Mar 2023 17:47:00 +0530 Tue, 07 May 2024 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2536 TDS under Section 194LBA requires the payer to deduct tax on distributions by business trusts at the time of credit or payment: resident unit holders are subject to a 10% deduction and non resident unit holders or foreign companies to a reduced rate for certain receipts. Interest, dividend and rental distributions are each subject to withholding at the specified resident and non resident rates; interest on external commercial borrowings is eligible for a reduced withholding rate under the separate ECB provision and taxed in the hands of non residents under the relevant non resident tax provision. Manuals Income Tax Tue, 28 Mar 2023 17:47:00 +0530 https://www.taxtmi.com/manuals?id=2536