TDS exemption for specified fund securities income applies where the income is exempt under Schedule VI. Non-deduction of tax at source applies to income of a Specified Fund from securities referred to in section 393(2), Table serial number 16, where that ... Summary
TDS exemption for specified fund securities income applies where the income is exempt under Schedule VI.
Non-deduction of tax at source applies to income of a Specified Fund from securities referred to in section 393(2), Table serial number 16, where that income is exempt under Schedule VI. Although such securities income is ordinarily subject to tax deduction at source, deduction is excluded only if the payment is the specified securities income and it qualifies for the Schedule VI exemption.
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