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[Cites 0, Cited by 0] [Section 223] [Entire Act]

Union of India - Subsection

Section 223(3) in The Income Tax Act, 2025

(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 referred to in Schedule V (Table: Sl. No. 3) or (Table: Sl. No. 4), then, such distributed income or part thereof shall be deemed to be income of such unit holder and shall be charged to tax as income of the tax year.