https://www.taxtmi.com/acts?id=45903 Amendment revises tax treatment of unit trust distributions: a defined qualifying dividend is exempt from inclusion in total income for individual unit holders below a specified income threshold; if the unit holder's total income exceeds that threshold the qualifying dividend is includible but the unit holder is entitled to a deduction from income-tax payable at a prescribed rate on that dividend. The Trust is required to deduct income-tax at a prescribed rate from distributions to unit holders who are nonresident individuals. en-us Thu, 05 Dec 2024 12:38:47 +0530 Thu, 05 Dec 2024 12:38:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45903 Amendment revises tax treatment of unit trust distributions: a defined qualifying dividend is exempt from inclusion in total income for individual unit holders below a specified income threshold; if the unit holder's total income exceeds that threshold the qualifying dividend is includible but the unit holder is entitled to a deduction from income-tax payable at a prescribed rate on that dividend. The Trust is required to deduct income-tax at a prescribed rate from distributions to unit holders who are nonresident individuals. Act-Rules F. Acts / Amendment Acts Thu, 05 Dec 2024 12:38:47 +0530 https://www.taxtmi.com/acts?id=45903