#trusts and taxation

Read more about the article Understanding Section 115UA of the Income Tax Act: Taxation of Business Trusts and Unit Holders

Understanding Section 115UA of the Income Tax Act: Taxation of Business Trusts and Unit Holders

Introduction: Section 115UA of the Income Tax Act establishes a clear taxation framework for income distributed by business trusts such as Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts…

Continue ReadingUnderstanding Section 115UA of the Income Tax Act: Taxation of Business Trusts and Unit Holders
Read more about the article Understanding Section 115BBI of the Income Tax Act: Special Provisions for Specified Incomes of Certain Institutions

Understanding Section 115BBI of the Income Tax Act: Special Provisions for Specified Incomes of Certain Institutions

The Income Tax Act, 1961, has several provisions aimed at ensuring the transparency and proper management of income for various institutions. One such provision is Section 115BBI, which was introduced…

Continue ReadingUnderstanding Section 115BBI of the Income Tax Act: Special Provisions for Specified Incomes of Certain Institutions