Long-term capital gains withholding requires deduction on qualifying unit transfers paid to Offshore Funds without a monetary threshold. Tax deduction at source applies to long-term capital gains from transfer of units referred to in section 208 when payable to an Offshore Fund. Any person ... Summary
Long-term capital gains withholding requires deduction on qualifying unit transfers paid to Offshore Funds without a monetary threshold.
Tax deduction at source applies to long-term capital gains from transfer of units referred to in section 208 when payable to an Offshore Fund. Any person making the payment must deduct tax at 12.5%, with no monetary threshold. The provision corresponds to the earlier withholding framework for long-term gains on specified unit transfers to Offshore Funds.
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