Tax on income of unit holder and business trust.

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..... he 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 sections 196 and 197, the total income of a business trust shall be charged to tax at the maximum marginal rate. (3) If in any tax year, the distributed income or any part thereof, received by a unit holder from the business trust is of the nature as .....

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