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Section 194F - Payments on account of repurchase of units by Mutual Fund or Unit Trust of India - Income-tax Act, 1961
Extract
1 [Payments on account of repurchase of units by Mutual Fund or Unit Trust of India . 194F. 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.] --------------------- Notes :- 1. Inserted by the Finance Act, 1990, w.e.f. 1-4-1991.