Withholding tax on unit income: payers must deduct tax at source on income from mutual fund and specified units. Section 194K imposes a withholding obligation requiring any person paying income in respect of units of specified mutual funds, units from the Administrator, or units from a specified company to deduct income-tax at ten per cent at the time of credit or payment, subject to a de minimis exemption where the aggregate income credited or paid by the payer to the payee during the financial year does not exceed five thousand rupees; definitions and a deeming rule for credits to suspense accounts are included.