https://www.taxtmi.com/acts?id=4042 Section 196A requires persons paying income in respect of units of specified mutual funds to non-residents or foreign companies to deduct tax at the statutory withholding rate at the time of credit or payment, with withholding at a lower treaty rate where an applicable treaty and certificate apply. Crediting to any account, including suspense accounts, is deemed credit to the payee. An exemption applies for Unit Trust of India units purchased by NRIs or resident HUFs from NRE accounts or by foreign currency remittance compliant with FEMA. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 16:26:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4042 Section 196A requires persons paying income in respect of units of specified mutual funds to non-residents or foreign companies to deduct tax at the statutory withholding rate at the time of credit or payment, with withholding at a lower treaty rate where an applicable treaty and certificate apply. Crediting to any account, including suspense accounts, is deemed credit to the payee. An exemption applies for Unit Trust of India units purchased by NRIs or resident HUFs from NRE accounts or by foreign currency remittance compliant with FEMA. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4042