Tax deduction on investment fund unit income differentiates resident and non-resident payees; residents taxed at specified rate. Amendment requires persons paying income to unit holders of specified investment funds to deduct tax at source: at a fixed rate for resident payees, and at the rates in force for non-resident individuals and foreign companies, with the deduction made at the time of credit or payment, whichever is earlier.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction on investment fund unit income differentiates resident and non-resident payees; residents taxed at specified rate.
Amendment requires persons paying income to unit holders of specified investment funds to deduct tax at source: at a fixed rate for resident payees, and at the rates in force for non-resident individuals and foreign companies, with the deduction made at the time of credit or payment, whichever is earlier.
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