Capital-market income withholding applies at a standard rate, with unit-income thresholds and exempt investment-fund income excluded. Tax deduction at source on resident capital-market income is prescribed at 10% for income from specified mutual fund and related units, business-trust ... Summary
Capital-market income withholding applies at a standard rate, with unit-income thresholds and exempt investment-fund income excluded.
Tax deduction at source on resident capital-market income is prescribed at 10% for income from specified mutual fund and related units, business-trust distributions, taxable investment-fund income, and securitisation-trust income. Mutual fund and specified-unit income is subject to deduction only when it exceeds Rs.10,000. Business-trust distributions and securitisation-trust income have no threshold. Investment-fund withholding applies only to taxable income, excluding the proportion exempt under the prescribed Schedule.
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