Withholding on FII securities income requires payers to deduct tax at payment or credit, excluding capital gains. A provision imposes a withholding obligation on income in respect of securities payable to Foreign Institutional Investors: the payer must deduct income-tax at the specified rate at the earlier of credit to the payee's account or payment by cash, cheque, draft or any other mode. No deduction is to be made from income by way of capital gains arising from the transfer of those securities payable to a Foreign Institutional Investor.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Withholding on FII securities income requires payers to deduct tax at payment or credit, excluding capital gains.
A provision imposes a withholding obligation on income in respect of securities payable to Foreign Institutional Investors: the payer must deduct income-tax at the specified rate at the earlier of credit to the payee's account or payment by cash, cheque, draft or any other mode. No deduction is to be made from income by way of capital gains arising from the transfer of those securities payable to a Foreign Institutional Investor.
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