Capital gains on specified unit income are excluded from tax deduction, while non-capital income remains subject to withholding. Tax deduction at source is not required on income in respect of units covered by Section 393(1), Table Sl. No. 4(i), where that income is in the nature of ... Summary
Capital gains on specified unit income are excluded from tax deduction, while non-capital income remains subject to withholding.
Tax deduction at source is not required on income in respect of units covered by Section 393(1), Table Sl. No. 4(i), where that income is in the nature of capital gains. The exemption is confined to qualifying capital gains; income from the specified units that does not constitute capital gains remains subject to the applicable withholding requirement.
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