Inclusion of long-term capital gains extends withholding to payments to offshore funds for specified investment units. Amendment expands section 196B to include income in respect of specified investment units and long-term capital gains arising from transfer of those units ... Summary
Inclusion of long-term capital gains extends withholding to payments to offshore funds for specified investment units.
Amendment expands section 196B to include income in respect of specified investment units and long-term capital gains arising from transfer of those units when payable to an Offshore Fund, thereby extending the withholding scope to both types of payments.
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