Income-tax Act, 1961
Section - 194LBB - Income in respect of units of investment fund
Income in respect of units of investment fund.194LBB. Where any income, other than that proportion of income which is of the same nature as income referred to in clause (23FBB) of section 10, is payable to a unit holder in respect of units of an investment fund specified in clause (a) of the Explanation 1 to section 115UB, the person responsible for making the payment shall, at the time of credit of such income to the account of payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon,-
Provided that where the payee is a non-resident (not being a company) or a foreign company, no deduction shall be made in respect of any income that is not chargeable to tax under the provisions of the Act.Explanation.-For the purposes of this section,-
| (i) | - | at the rate of 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 : |
(a .... To read the full section download the app from Google Play store
ARTICLESHIP
18 September 2026
Industrial TraineeTwenty Point Nine Five Ventures Private Limited Noida CA Inter View Details
22 September 2026
Account AssistantChirag P Shah & Co. Chartered Accountant Pune B.Com View Details
ARTICLESHIP
16 September 2026
Article AssistantMANUJ SHARMA AND COMPANY Noida CA Inter View Details
Featured
11 September 2026
Audit ExecutiveRBSM Corporate Advisors Private Limited Pune CA View Details
ARTICLESHIP
30 September 2026
CA Article AssistantCA Suraj Garg & Associates New Delhi CA Final View Details
CCI
Pro
|
CAclubindia
