SPECIAL PROVISIONS RELATING TO BUSINESS TRUSTS

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..... ibuted by a business trust to its unit holders shall be deemed to be of the same nature and in the same proportion in the hands of the unit holder as it had been received by, or accrued to, the business trust. (2) Subject to the provisions of section 111A and section 112, the total income of a business trust shall be charged to tax at the maximum marginal rate. (3) If in any previous year, t .....

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..... as may be prescribed, giving the details of the nature of the income paid during the previous year and such other details as may be prescribed. ] ------------------------- Notes:- 1. Inserted vide THE FINANCE (No. 2) ACT, 2014 w.e.f. 1st day of April, 2015 2. Inserted vide THE FINANCE ACT, 2015 w.e.f. 1st day of April, 2016 3. Substituted vide THE FINANCE ACT, 2016 .....

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