Amendment of section 194LBA.

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Full Text of the Document

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....in case of income of the nature referred to in sub-clause (a) and ten per cent. in case of income of the nature referred to in sub-clause (b), of the said clause" shall be substituted. - Clause 81 of the Bill seeks to amend section 194LBA of the Income-tax Act relating to certain income from units of a business trust. The said section, inter alia, requires business trust to deduct tax on distr....