Section 194LBB - Income in respect of units of investment fund

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..... als - Section 194LBB : Tax deduction on Income in respect of units of Investment Fund The provision of section 194LBB inserted with effect from 01.06.2015. Tax deduction is applicable if a business t .....

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..... foreign company Note:- Tax cannot be deducted at lower rate. Hence section 197 , shall not be applicable in this case. Gross income subject to TDS - Where the payee is a non-resident/foreign company, .....

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