Certain income from units of a business trust

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....o its unit holder being a resident, the person responsible for making the payment shall at the time of credit of such payment to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rate of ten per cent.      (2) Where any distributed income referre....

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....o in sub-clause (b) of clause (23FC) of section 10, if the special purpose vehicle referred to in the said clause has not exercised the option under section 115BAA.] ^4[(3) Where any distributed income referred to in section 115UA, being of the nature referred to in clause (23FCA) of section 10, is payable by a business trust to its unit holder, being a non-resident (not being a company), or a ....

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....ide Section 82 of the Finance Act, 2016 w.e.f. 01-06-2016 before it was read as, "in clause (23FC) ". 6. Substituted vide Section 82 of the Finance Act, 2016 w.e.f. 01-06-2016 before it was read as, "in clause (23FC)" 7.  Omitted vide Section 81 of the Finance Act, 2020 w.e.f. 01-04-2020 before it was read as, "sub-clause (a) of" 7A. O....