Special Provisions Relating to Business Trusts

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....e distributed by a business trust to its unit holders shall be deemed to be of the same nature and in the same proportion in the hands of the unit holder as it had been received by, or accrued to, the business trust. (2) Subject to the provisions of ^6[sections 111A, 112 and 112A], the total income of a business trust shall be charged to tax at the maximum marginal rate. (3) If in any previo....

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.... be prescribed, giving the details of the nature of the income paid during the previous year and such other details as may be prescribed.]     ************** NOTES:- 1. Inserted vide Section 44 of the Finance (No. 2) Act 2014 w.e.f. 01-04-2015 2. Inserted vide Section 32 of the Finance Act 2015 w.e.f. 01-04-2016 3. Substituted vide Se....