Withholding tax on sale of equity-fund units to insurers for unit-linked policies now subject to a specified rate and retrospective application. Insertion of a new table entry prescribing a specified withholding rate on sale, surrender or redemption of units of an equity oriented fund to an ... Summary
Withholding tax on sale of equity-fund units to insurers for unit-linked policies now subject to a specified rate and retrospective application.
Insertion of a new table entry prescribing a specified withholding rate on sale, surrender or redemption of units of an equity oriented fund to an insurance company in connection with a unit linked insurance policy issued on or after the stated effective date, and making that provision retrospective to that effective date.
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