https://www.taxtmi.com/acts?id=49221 Income distributed by a business trust to unit holders is deemed to be of the same nature and proportion in the hands of the unit holder as it was received or accrued by the trust. The total income of a business trust is charged to tax at the maximum marginal rate. Distributed income falling within specified Schedule V categories is taxable as the unit holder's income in the tax year. The deeming rule excludes certain statutory sums and requires persons making payments on behalf of a trust to furnish prescribed statements detailing the nature of income paid. en-us Fri, 14 Feb 2025 17:47:54 +0530 Fri, 14 Feb 2025 17:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49221 Income distributed by a business trust to unit holders is deemed to be of the same nature and proportion in the hands of the unit holder as it was received or accrued by the trust. The total income of a business trust is charged to tax at the maximum marginal rate. Distributed income falling within specified Schedule V categories is taxable as the unit holder's income in the tax year. The deeming rule excludes certain statutory sums and requires persons making payments on behalf of a trust to furnish prescribed statements detailing the nature of income paid. Act-Rules Bills Fri, 14 Feb 2025 17:47:54 +0530 https://www.taxtmi.com/acts?id=49221