Investment fund unit income withholding applies to taxable distributions for eligible non-resident holders, excluding the exempt income component.

Tax deduction at source applies to taxable income distributed in respect of units of an Investment Fund specified in section 224 to non-resident unit holders other than companies and to foreign companies. The Investment Fund must deduct tax at the rates in force at the earlier of credit or payment, with no threshold limit. Deduction applies only to the taxable component of unit income and excludes the proportion exempt under Schedule V.

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