Treatment of Distribution received from Business Trust

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This discussion clarifies the tax treatment of distributions received from a Business Trust, including interest, dividends, and amortization. It addresses how Tax Deducted at Source (TDS) is applied and how to correctly report these amounts in your Income Tax Return (ITR), specifically within Schedule PTI and the exempt income schedule.

H Thakar

H Thakar (Querist)

13 July 2023 I have received distribution from Business Trust as Interest, Dividend & Amortization from SPV Amount is as 1,00,000/- , 2,00,000/- & 3,00,000/- respectively.

How they have deducted Tds Rs 10,000/- only on Interest amount, but in 26AS it shows Income credited Rs 3,00,000/- i.e. Interest & Dividend.

Further while filing ITR 2 i also need to fil schedule PTI (Pass through Income).
I request you to assist in filing PTI Schedule for above & treatment of above income.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

13 July 2023 Show it in exempt income schedule.

H Thakar

H Thakar (Querist)

02 August 2023 Thank you for the reply.

But the same was to be reported in Schedule PTI under respective section and then it was reflected to Exempt Income schedule.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

02 August 2023 No, directly show it under exempt income schedule.

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