Tax deduction on qualifying unit income requires any payer to withhold tax when payment is made to an Offshore Fund. Tax deduction at source applies to income from units referred to in section 208 when payable to an Offshore Fund. Any person making the payment must ... Summary
Tax deduction on qualifying unit income requires any payer to withhold tax when payment is made to an Offshore Fund.
Tax deduction at source applies to income from units referred to in section 208 when payable to an Offshore Fund. Any person making the payment must deduct tax at 10%. No monetary threshold is prescribed. The framework corresponds to the earlier rule for withholding tax on income from specified units payable to an Offshore Fund.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
