Capital-market income withholding applies a uniform tax deduction rate, with thresholds limited to mutual fund and specified-unit income. Tax deduction at source on resident capital-market income is imposed at 10% on income from mutual fund and specified units, business-trust distributions, ... Summary
Capital-market income withholding applies a uniform tax deduction rate, with thresholds limited to mutual fund and specified-unit income.
Tax deduction at source on resident capital-market income is imposed at 10% on income from mutual fund and specified units, business-trust distributions, taxable investment-fund income, and securitisation-trust income. Mutual fund and specified-unit income is subject to deduction only when it exceeds Rs.10,000. Business-trust distributions and securitisation-trust income have no threshold. Investment funds deduct tax without a threshold only from the taxable portion of income, with the exempt proportion excluded.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.