Section 393(2); Table [For Payments to Non-Resident] - Income in respect of Securities referred to in Section 210(1)

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....1961. Sl. No. Nature of payment Recipient Deductor Rate of TDS 16 Any income in respect of securities referred to in section 210(1) (Table: Sl. No. 1) Specified Fund referred to in Schedule VI [Note 1(g)] Any person 10% Scope of the provision This clause applies to any income in respect of securities referred to in section 210(1) [T....

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....tion 210(1) (Table: Sl. No. 1). • The recipient must be a Specified Fund referred to in Schedule VI [Note 1(g)]. • The deductor may be any person responsible for making the payment. • A TDS rate of 10% is prescribed. • No monetary threshold has been provided. Exception: Section 393(4), Table S.No 17 Comparative Analysis: Section 196....