Capital gains on specified unit income are excluded from tax withholding, while other unit income remains subject to deduction. Income in respect of units covered by Section 393(1), Table Sl. No. 4(i), is not subject to tax deduction at source when it is in the nature of capital ... Summary
Capital gains on specified unit income are excluded from tax withholding, while other unit income remains subject to deduction.
Income in respect of units covered by Section 393(1), Table Sl. No. 4(i), is not subject to tax deduction at source when it is in the nature of capital gains. Income from those units that is not capital gains remains subject to withholding. The non-deduction condition requires both that the payment concern the specified units and that the income qualify as capital gains.
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 
