Tax-free investment fund unit income attracts no source deduction, limiting withholding obligations to income chargeable in recipients' hands. No deduction of tax at source applies to income from units of an Investment Fund otherwise covered by Section 393(2), Table Sl. No. 8, where the income ... Summary
Tax-free investment fund unit income attracts no source deduction, limiting withholding obligations to income chargeable in recipients' hands.
No deduction of tax at source applies to income from units of an Investment Fund otherwise covered by Section 393(2), Table Sl. No. 8, where the income payable to the unit holder is not chargeable to tax under the Income-tax Act, 2025. Tax deduction is required only where that income is chargeable to tax in the recipient's hands.
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