Section 194LBA – Certain Income from units of Business Trust
Section 194LBA of the Income Tax Act, 1961 has been inserted with effect from 1st October, 2014. The provisions of the same are explained hereunder – The Income covered under Section 194LBA Time of Deduction Rate of Deduction Nature of Income: Income distributed by Business Trusts referred to in Sec 115UA, being of a nature…