Non-resident unit income may qualify for no tax deduction when eligible recipients satisfy prescribed NRE Account and FEMA conditions. No deduction of tax at source applies to income payable in respect of Unit Trust of India units to a Non-Resident Indian or a non-resident Hindu Undivided ... Summary
Non-resident unit income may qualify for no tax deduction when eligible recipients satisfy prescribed NRE Account and FEMA conditions.
No deduction of tax at source applies to income payable in respect of Unit Trust of India units to a Non-Resident Indian or a non-resident Hindu Undivided Family where the prescribed conditions under Rule 210 concerning NRE Account and FEMA Rules are satisfied. The exemption is confined to eligible unit income, eligible non-resident recipients, and compliance with those conditions.
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