Section 393(1); Table [For Payment to Resident]-Income from capital market

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....23, being of the nature referred to in Schedule V (Table: Sl. Nos. 3 and 4), payable to a unitholder of a Business Trust Business Trust 10% Nil 4(iii) Income, other than the proportion of income exempt under Schedule V (Table: Sl. No. 2), in respect of units of an investment fund specified in section 224 Investment Fund specified in section 224 10% Nil 4(iv) Income in respect of an investment in a securitisation trust specified in section 221 payable to an investor Securitisation Trust specified in section 221 10% Nil Sl. No. 4(i) - Income from Mutual Fund and specified units This clause applies to income payable in respect of- • units of a Mutual Fund specified un....

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.... 4(iv) - Income from a Securitisation Trust • This clause applies where a Securitisation Trust specified in section 221 pays income to an investor. The salient features are- • deductor is the Securitisation Trust; • TDS is deductible at 10%; and • no threshold limit has been prescribed. • Accordingly, every payment of such income attracts deduction of tax at source. Practical distinction • Sl. No. 4(i) applies to income from Mutual Funds and specified units, with a threshold of Rs.10,000. • Sl. No. 4(ii) applies to distributed income of a Business Trust, with no threshold. • Sl. No. 4(iii) applies to income from an Investm....