https://www.taxtmi.com/acts?id=48231 A provision imposes a withholding obligation on income in respect of securities payable to Foreign Institutional Investors: the payer must deduct income-tax at the specified rate at the earlier of credit to the payee's account or payment by cash, cheque, draft or any other mode. No deduction is to be made from income by way of capital gains arising from the transfer of those securities payable to a Foreign Institutional Investor. en-us Wed, 29 Jan 2025 12:29:59 +0530 Wed, 29 Jan 2025 12:29:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48231 A provision imposes a withholding obligation on income in respect of securities payable to Foreign Institutional Investors: the payer must deduct income-tax at the specified rate at the earlier of credit to the payee's account or payment by cash, cheque, draft or any other mode. No deduction is to be made from income by way of capital gains arising from the transfer of those securities payable to a Foreign Institutional Investor. Act-Rules F. Acts / Amendment Acts Wed, 29 Jan 2025 12:29:59 +0530 https://www.taxtmi.com/acts?id=48231