Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds

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Full Text of the Document

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....rom units of an open-ended equity oriented fund of the Unit Trust of India or of a Mutual Fund, the income-tax payable shall be the aggregate of- (a) the amount of income-tax calculated on income from units of an open-ended equity oriented fund of the Unit Trust of India or of a Mutual Fund, at the rate of ten per cent; and (b) the amount of income-tax with which the assessee would have been c....