Section 194LBB - Income in respect of units of investment fund

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Full Text of the Document

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....ess trust distributes any income referred to in section 115UB [not being business income] of the nature referred to in section 10(23FBB) to its unitholders. Time of deduction - At the time of credit or payment, whichever is earlier. Rate of TDS -  * In case of Resident - 10% * In case of non-resident - 30% (+SC+HEC) Where the payee is Non resident. [ As per Part II o....