No deduction of tax on any income of an investment fund (other than the income chargeable under the head “Profits and gains of business or profession') received by any Investment fund. - 51/2015 - Income Tax Act, 1961
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No deduction of tax on specified investment fund payments under Chapter XVII, exempting certain investment fund income from withholding. No deduction of tax at source shall be made under Chapter XVII on payments of the nature specified in clause (23FBA) of section 10 when received by an investment fund as defined in clause (a) of Explanation 1 to section 115UB; the exemption excludes income chargeable under 'Profits and gains of business or profession' and takes effect from publication in the Official Gazette.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
No deduction of tax on specified investment fund payments under Chapter XVII, exempting certain investment fund income from withholding.
No deduction of tax at source shall be made under Chapter XVII on payments of the nature specified in clause (23FBA) of section 10 when received by an investment fund as defined in clause (a) of Explanation 1 to section 115UB; the exemption excludes income chargeable under "Profits and gains of business or profession" and takes effect from publication in the Official Gazette.
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