Withholding on Offshore Fund unit income requires a specified withholding rate at the time of credit or payment. Section 196B requires the person responsible for paying income in respect of units to an Offshore Fund to deduct income-tax at the rate of ten per cent at ... Summary
Withholding on Offshore Fund unit income requires a specified withholding rate at the time of credit or payment.
Section 196B requires the person responsible for paying income in respect of units to an Offshore Fund to deduct income-tax at the rate of ten per cent at the earlier of credit to the payee's account or payment in cash, cheque, draft or any other mode.
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