Section 194LBA - Tax deduction from income from units of business trust

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....es any income referred to in section 115UA being of the nature referred to in section 10(23FC) or section 10(23FCA) to its unit holder. Time of deduction - At the time of credit or payment, whichever is earlier. Rate of TDS: * (i) If the recipient is Resident in India - 10% in case of interest or dividend received or receivable from SPV or rental income (received by a real estate inv....

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.... in sections 194LBA(1) and (2) shall apply in respect of income of the nature referred to 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. Note:- * If the recipient doesn't have PAN or doesn't furnish PAN to deductor TDS Deducted as per the provision specified under section 206AA(1)....