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    <title>Insertion of new section 194LBB- Income in respect of units of investment fund</title>
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    <description>Where income payable to a unit holder of a specified investment fund is paid or credited, the payer must deduct tax at source at the prescribed rate at the earlier of credit to the payee&#039;s account or payment; credits to any account in the payer&#039;s books, including a suspense account, are deemed to be credit to the payee and trigger the same withholding obligation. The withholding excludes that proportion of income matching the nature of the specified exempt income.</description>
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    <pubDate>Thu, 07 May 2015 13:21:28 +0530</pubDate>
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      <title>Insertion of new section 194LBB- Income in respect of units of investment fund</title>
      <link>https://www.taxtmi.com/acts?id=19613</link>
      <description>Where income payable to a unit holder of a specified investment fund is paid or credited, the payer must deduct tax at source at the prescribed rate at the earlier of credit to the payee&#039;s account or payment; credits to any account in the payer&#039;s books, including a suspense account, are deemed to be credit to the payee and trigger the same withholding obligation. The withholding excludes that proportion of income matching the nature of the specified exempt income.</description>
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      <pubDate>Thu, 07 May 2015 13:21:28 +0530</pubDate>
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