Investment Fund Unit Income: TDS is not required where income payable to the unit holder is not chargeable to tax. No deduction of tax at source applies to income in respect of units of an Investment Fund where the income payable to the unit holder is not chargeable to ... Summary
Investment Fund Unit Income: TDS is not required where income payable to the unit holder is not chargeable to tax.
No deduction of tax at source applies to income in respect of units of an Investment Fund where the income payable to the unit holder is not chargeable to tax under the Income-tax Act, 2025. Although such income is otherwise covered by the TDS requirement under section 393(2), tax deduction is required only where the income is chargeable to tax in the recipient's hands.
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