Section 194K - Tax deduction at source in respect of income from units

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....ying to a resident any income in respect of-- (a) units of a Mutual Fund specified under clause (23D) of section 10; or (b) units from the Administrator of the specified undertaking; or (c) units from the specified company, Time of tax deduction At the time of credit of such income to the account of the payee or at the time of payment thereof by any mode, whichever is earlier. where any i....

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....such income or, as the case may be, the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the financial year by the person responsible for making the payment to the account of, or to, the payee does not exceed Rs. 10,000/-; or (ii) if the income is of the nature of capital gains. Meaning of terms (a) "Administrator" means the Administrator as ref....