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        Section 194F - TDS on payments on repurchase of units by mutual fund or UTI (Rationalisation and Simplification of taxation of Capital Gains)

        24 July, 2024

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        Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024

        It is proposed to omit section 194F relating to TDS on payments on repurchase of units by Mutual Fund or UTI which attracts a TDS rate of 20%.

        2. The amendment will take effect from 1st day of October 2024.

        [Clause 55]

         

        Full Text:

        Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024

        TDS on mutual fund unit repurchase proposed to be omitted under section 194F, simplifying taxation of capital gains. Proposal deletes section 194F, removing the TDS obligation on payments for repurchase of units by mutual funds and UTI as part of capital gains tax rationalisation; the amendment takes effect from the first day of October under the Finance (No.2) Bill, 2024 (Clause 55).
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              TDS on mutual fund unit repurchase proposed to be omitted under section 194F, simplifying taxation of capital gains.

                              Proposal deletes section 194F, removing the TDS obligation on payments for repurchase of units by mutual funds and UTI as part of capital gains tax rationalisation; the amendment takes effect from the first day of October under the Finance (No.2) Bill, 2024 (Clause 55).


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