Section 393(2); Table [For Payments to Non-Resident] - Distributed Income of a Business Trust [REIT]

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..... No. Nature of payment Recipient Deductor Rate of TDS 7 Distributed income referred to in section 223, being of the nature referred to in Schedule V (Table: Sl. No. 4) Unit holder, being a non-resident (other than a company) or a foreign company Business Trust Rates in force Scope of the provision This clause applies to distributed income referred to in....

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....se is liable to deduction of tax at source. Practical distinction • Applies to distributed income referred to in section 223 of the nature specified in Schedule V (Table: Sl. No. 4). • The deductor is the Business Trust. • The recipient must be a non-resident unit holder (other than a company) or a foreign company. • Tax is deductible ....