Section 61a
ActIn forceProvision 15 of 19
Section 61a
(1)
The total income of a unit trust for a year of assessment which is equivalent to the amount of income distributed to the unit holder in the basis period for that year of assessment which is ascertained by reference to the unit holder’s share of that income shall be exempt from tax.
(2)
In this section, “unit trust” means a unit trust which is approved by the Securities Commission as Real Estate
Investment Trust or Property Trust Fund.”.
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Finance