Capital market income withholding applies a uniform deduction rate, with distinct threshold treatment and exemptions across investment vehicles. Tax deduction at source on resident capital-market income under section 393(1), serial number 4, covers specified mutual fund and related unit income, ... Summary
Capital market income withholding applies a uniform deduction rate, with distinct threshold treatment and exemptions across investment vehicles.
Tax deduction at source on resident capital-market income under section 393(1), serial number 4, covers specified mutual fund and related unit income, business-trust distributed income, taxable investment-fund unit income, and securitisation-trust investment income. Deduction is at 10% for each category. Mutual fund and specified unit income is subject to a Rs.10,000 threshold. Business-trust, investment-fund and securitisation-trust payments have no threshold. For investment funds, withholding applies only to the taxable portion, with the exempt proportion excluded.
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