https://www.taxtmi.com/acts?id=19173 Where income (excluding that proportion of income of the same nature as the expressly excluded category) is payable to a unit holder in respect of units of a specified investment fund, the payer shall, at the earlier of credit to the payee's account or payment in cash or by cheque, draft or any other mode, deduct income-tax thereon at the prescribed rate. Credit to any account, including a suspense account, in the payer's books is deemed to be credit to the payee's account for triggering the withholding obligation. The term unit bears the statutory meaning used for investment-fund units. en-us Sat, 28 Feb 2015 20:01:01 +0530 Mon, 02 Mar 2015 12:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19173 Where income (excluding that proportion of income of the same nature as the expressly excluded category) is payable to a unit holder in respect of units of a specified investment fund, the payer shall, at the earlier of credit to the payee's account or payment in cash or by cheque, draft or any other mode, deduct income-tax thereon at the prescribed rate. Credit to any account, including a suspense account, in the payer's books is deemed to be credit to the payee's account for triggering the withholding obligation. The term unit bears the statutory meaning used for investment-fund units. Act-Rules Bills Sat, 28 Feb 2015 20:01:01 +0530 https://www.taxtmi.com/acts?id=19173