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of <h1>Income from Unit Trust of India units exempt from tax deduction under amended Section 196A for specific institutions.</h1> Section 196A of the Income-tax Act is amended to include a new sub-section (3), effective from October 1, 1991. This provision states that no tax deduction shall be made from income payable regarding units issued under any scheme of the Unit Trust of India to any institution or fund. This applies when such income is not included in the total income under sections 11 and 12 or clauses (22), (22A), (23), (23AA), or (23C) of section 10 of the Act.
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