Capital-market withholding imposes uniform tax deduction on specified resident investment income, with limited unit-income threshold relief. Tax deduction at source at 10% applies to specified resident capital-market income from mutual fund and specified units, business trusts, investment funds ... Summary
Capital-market withholding imposes uniform tax deduction on specified resident investment income, with limited unit-income threshold relief.
Tax deduction at source at 10% applies to specified resident capital-market 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 distributions and securitisation-trust income carry no threshold. Investment-fund income also has no threshold, but deduction is confined to the taxable portion because the specified exempt proportion is excluded. The categories differ by payer, threshold and exempt-income treatment.
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