Tax deduction at source exemption for Unit Trust of India income applies to eligible non-resident unit acquisitions under foreign exchange rules. Income payable on units of the Unit Trust of India to a non-resident Indian or a non-resident Hindu undivided family is not subject to deduction of tax at source where the units are acquired from a non-resident (External) account maintained with a bank in India, or by remittance of funds in foreign currency, in accordance with the Foreign Exchange Management Act, 1999 and the rules made thereunder.