Table [For Payments to Non-Resident]-Income in respect of Units of an Investment Fund

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.... Sl. No. Nature of payment Recipient Deductor Rate of TDS 8 Any income, other than that proportion of income which is exempt under Schedule V (Table: Sl. No. 2), in respect of units of an investment fund specified in section 224 Unit holder, being a non-resident (other than a company) or a foreign company Investment Fund specified in section 224 ....

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....istributed by an Investment Fund to eligible non-resident investors. Rate of deduction Tax is required to be deducted at the rates in force. The expression "rates in force" refers to the rates prescribed under the Income-tax Act or those applicable under an eligible Double Taxation Avoidance Agreement (DTAA), where the conditions for availing treaty benefits are fulfilled. Threshold li....

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.... No monetary threshold has been prescribed. • The withholding obligation applies only to the taxable portion of the income, excluding the income exempt under Schedule V (Table: Sl. No. 2). Exception: Section 393(4), Table S.No 14 Comparative Analysis: Section 194LBB read with Section 115UB (Income-tax Act, 1961) vs. Section 393(2), Sl. No. 8 (Income-tax Act, 2025) Partic....