TDS on repurchase of units by Mutual Fund or Unit Trust of India


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Section 194F of the Income Tax Act: Payments on account of repurchase of units by Mutual Fund or Unit Trust of India

The person responsible for paying to any person any amount referred to in sub-section (2) of section 80CCB shall, at the time of payment thereof, deduct income-tax thereon at the rate of twenty per cent.


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