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of <h1>10% TDS on income from mutual fund or specified unit payments; no TDS if = ?10,000 or capital gains</h1> A payer who pays or credits to a resident any income in respect of mutual fund units, units from the Administrator of the specified undertaking, or units from the specified company must deduct tax at source at 10% at the time of credit or payment, whichever is earlier. No deduction is required where the aggregate such income payable or creditable by that payer to the payee in a financial year does not exceed ten thousand rupees, or where the income is capital gains. Crediting to any account, including a suspense account, is treated as credit to the payee.
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