Amendment of section 194LBB.

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Full Text of the Document

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....f ten per cent., where the payee is a resident; (ii) at the rates in force, where the payee is a non-resident (not being a company) or a foreign company.". - Clause 81 of the Bill seeks to amend section 194LBB of the Income-tax Act relating to income in respect of units of investment fund. The aforesaid section provides that where any income other than that proportion of income wh....