Capital-market income withholding applies a uniform TDS rate, with thresholds for specified units and taxable investment-fund income only. Section 393(1), Table, serial number 4 prescribes 10% TDS on resident income from mutual fund and specified units, business trusts, investment funds, and ... Summary
Capital-market income withholding applies a uniform TDS rate, with thresholds for specified units and taxable investment-fund income only.
Section 393(1), Table, serial number 4 prescribes 10% TDS on resident income from mutual fund and specified units, business trusts, investment funds, and securitisation trusts. Mutual fund and specified-unit income is subject to deduction only when it exceeds Rs.10,000. Business-trust distributed income, taxable investment-fund income, and securitisation-trust income have no threshold. For investment funds, the income proportion exempt under Schedule V is excluded, so TDS applies only to the taxable portion.
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