TDS on repurchase payments required withholding from mutual fund unit repurchase proceeds under the statutory provision now omitted. Section 194F imposed a deduction at source obligation on payments for repurchase of units by mutual funds or the Unit Trust of India, requiring the payer ... Summary
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TDS on repurchase payments required withholding from mutual fund unit repurchase proceeds under the statutory provision now omitted.
Section 194F imposed a deduction at source obligation on payments for repurchase of units by mutual funds or the Unit Trust of India, requiring the payer to withhold tax from such repurchase payments at the time of payment; the provision was later omitted, removing that statutory withholding obligation.
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