Capital gains on income from specified units are exempt from tax deduction at source, unlike other unit income. Income in respect of specified units is not subject to tax deduction at source when it is in the nature of capital gains. The exemption applies only if ... Summary
Capital gains on income from specified units are exempt from tax deduction at source, unlike other unit income.
Income in respect of specified units is not subject to tax deduction at source when it is in the nature of capital gains. The exemption applies only if the payment is income from the specified units and is characterised as capital gains. Income from such units that does not constitute capital gains remains subject to the applicable withholding provisions.
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