Tax deduction at source required on repurchase payments by mutual funds, mandating deduction by the payer at specified rate. Payments by a mutual fund or Unit Trust of India on account of repurchase of units are subject to a payer-level withholding obligation requiring the ... Summary
Tax deduction at source required on repurchase payments by mutual funds, mandating deduction by the payer at specified rate.
Payments by a mutual fund or Unit Trust of India on account of repurchase of units are subject to a payer-level withholding obligation requiring the person responsible for the repurchase payment to deduct income tax at source at a predetermined rate at the time of payment.
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