Condition for no deduction of tax at source from income in respect of units of non-residents referred to in section 393(2) [Table: SI. No. 10] read with section 393(4) [Table: SI. No. 15]

Condition for no deduction of tax at source from income in respect of units of non-residents referred to in section 393(2) [Table: SI. No. 10] read with section 393(4) [Table: SI. No. 15] https://www.taxtmi.com/acts?id=53604 Income payable on units of the Unit Trust of India to a non-resident Indian or a non-resident Hindu undivided family is not subject to deduction of tax at source where the units are acquired from a non-resident (External) account maintained with a bank in India, or by remittance of funds in foreign currency, in accordance with the Foreign Exchange Management Act, 1999 and the rules made thereunder. en-us Sat, 21 Mar 2026 09:41:22 +0530 Wed, 08 Apr 2026 10:10:29 +0530 TaxTMI RSS Generator Condition for no deduction of tax at source from income in respect of units of non-residents referred to in section 393(2) [Table: SI. No. 10] read with section 393(4) [Table: SI. No. 15] https://www.taxtmi.com/acts?id=53604 Income payable on units of the Unit Trust of India to a non-resident Indian or a non-resident Hindu undivided family is not subject to deduction of tax at source where the units are acquired from a non-resident (External) account maintained with a bank in India, or by remittance of funds in foreign currency, in accordance with the Foreign Exchange Management Act, 1999 and the rules made thereunder. Act-Rules Income Tax Sat, 21 Mar 2026 09:41:22 +0530 https://www.taxtmi.com/acts?id=53604