Section 393(2); 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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....cted at the rates in force. Threshold limit No threshold limit has been prescribed. Accordingly, every payment of taxable income covered by this clause attracts deduction of tax at source. Exclusion of Exempt Income This provision expressly excludes that proportion of income which is exempt under Schedule V (Table: Sl. No. 2). Accordingly, tax is required to be deducted only on t....

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..... No. 8 (Income-tax Act, 2025) Particulars Section 393(2), Sl. No. 8 (Income-tax Act, 2025) Section 194LBB read with Section 115UB (Income-tax Act, 1961) Nature of payment Income in respect of units of an Investment Fund, excluding the exempt portion under Schedule V (Table: Sl. No. 2) Income in respect of units of an Investment Fund taxable in the hands of the ....