https://www.taxtmi.com/acts?id=43598 The Bill omits section 194F, which previously required persons making payments on account of repurchase of units by Mutual Funds or Unit Trust of India to deduct income tax at the prescribed flat rate on amounts referenced to section 80CCB(2). The omission eliminates that specific statutory deduction obligation and takes effect from 1st October, 2024, changing the withholding and compliance responsibilities of payors. en-us Tue, 23 Jul 2024 15:49:45 +0530 Tue, 23 Jul 2024 15:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43598 The Bill omits section 194F, which previously required persons making payments on account of repurchase of units by Mutual Funds or Unit Trust of India to deduct income tax at the prescribed flat rate on amounts referenced to section 80CCB(2). The omission eliminates that specific statutory deduction obligation and takes effect from 1st October, 2024, changing the withholding and compliance responsibilities of payors. Act-Rules Bills Tue, 23 Jul 2024 15:49:45 +0530 https://www.taxtmi.com/acts?id=43598