Section 196B - TDS on income from units to Offshore fund

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Full Text of the Document

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....seas financial organisation (hereinafter referred to as Offshore Fund) includes- * (a) income received in respect of units purchased in foreign currency; or * (b) income by way of long-term capital gains arising from the transfer of units purchased in foreign currency, Rate of TDS * From 23rd July 2024 [ substituted vide Finance (No. 2) Act, 2024 ] (a) 10% in respect of income from units ....