Unit Trust of India definitions differ between the Income-tax Acts for withholding purposes and specified non-resident income provisions.

Unit Trust of India is defined for TDS and TCS purposes under the Income-tax Act, 2025 by reference to the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002. Under the Income-tax Act, 1961, the relevant provision concerning certain income of non-residents defines it as the Unit Trust of India established under the Unit Trust of India Act, 1963.

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