1(1) Where any distributed income referred to in section 115UA, being of the nature referred to 2 in sub-clause (a) of clause (23FC) 3 or clause (23FCA) of section 10, is payable by a business trust to its unit holder being a resident, the person responsible for making the payment shall at the time of credit of such payment to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rate of ten per cent.
(2) Where any distributed income referred to in section 115UA, being of the nature referred to 2 in sub-clause (a) of clause (23FC) of section 10, is payable by a business trust to its unit holder,4 being a non-resident (not being a company) or a foreign company, the person responsible for making the payment shall at the time of credit of such payment to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rate of five per cent.
3 (3) Where any distributed income referred to in section 115UA, being of the
nature referred to in clause (23FCA) of section 10, is payable by a business
trust to its unit holder, being a non-resident (not being a company), or a
foreign company, the person responsible for making the payment shall at the time
of credit of such payment to the account of the payee or at the time of payment
thereof in cash or by the issue of a cheque or draft or by any other mode,
whichever is earlier, deduct income-tax thereon at the rates in force.
----------------------
1. Ins. by Act 25 of 2014, s. 58 (w.e.f. 1-10-2014).
2. Subs. by Act 28 of 2016, s. 82, for "in clause (23FC)" (w.e.f. 1-6-2016).
3. Ins. by Act 20 of 2015, s. 46 (w.e.f. 1-6-2015).
4. Subs. by s. 46, ibid., for "being a non-resident, not being a company" (w.e.f.
1-6-2015).
194J Fees for professional or technical service
Section 194LA Payment of compensation on acquisition of certain immovable property
Section 194LB Income by way of interest from infrastructure debt fund
Section 194LBA Certain income from units of a business trust
Section 194LBB Income in respect of units of investment fund
Section 194LBC Income in respect of investment in securitization trust
Section 194LC Income by way of interest from Indian company
Section 194LD Income by way of interest on certain bonds and Government securities