TDS on sale or surrender of equity fund units to insurers applies to unit-linked policies issued after specified date. An amendment inserts Table entry 5A into section 98 addressing the sale, surrender or redemption of a unit of an equity oriented fund to an insurance ... Summary
TDS on sale or surrender of equity fund units to insurers applies to unit-linked policies issued after specified date.
An amendment inserts Table entry 5A into section 98 addressing the sale, surrender or redemption of a unit of an equity oriented fund to an insurance company on maturity or partial withdrawal in relation to a unit linked insurance policy issued on or after the specified commencement date; it designates the counterparty as Seller and prescribes a withholding rate of [0.001] per cent for that transaction.
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