Section 196D - TDS on Income of foreign institutional investors from securities

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..... (1)(a) to a Foreign Institutional Investor has to deduct tax @20%, or; to a specified fund referred to in clause (c) of the Explanation to section 10(4D) has to be deduct tax @10% Plus surcharge, wherever applicable plus health and education cess@4%. However, where an agreement referred to in section 90(1) or section 90A(1) applies to the payee and if the payee has furnished a certificate referred .....

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..... y corporate, (I) which has been granted a certificate of registration as a Category III Alternative Investment Fund and is regulated under the SEBI (Alternative Investment Fund) Regulations, 2012, made under the SEBI Act, 1992 or International Financial Services Centres Authority (Fund Management) Regulations, 2022, made under the International Financial Services Centres Authority Act, 2019; (II) .....

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..... the SEBI (Foreign Portfolio Investors) Regulations, 2019 made under the SEBI Act, 1992 and which has commenced its operations on or before the 31st day of March,2025; and (II) fulfils such conditions including maintenance of separate accounts for its investment division, as may be prescribed. Note: Dividend income is exempt under section 10(34) and therefore no TDS on such dividend. No TDS is to .....

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