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Amendment of section 194LBB.

Clause 81 - Bills - DIRECT TAXES - Bill - Clause 81 - 81. In section 194LBB of the Income-tax Act, for the words deduct income-tax thereon at the rate of ten per cent. , the following shall be substituted with effect from the 1st day of June, 2016, n .....

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ion 194LBB of the Income-tax Act relating to income in respect of units of investment fund. The aforesaid section provides that where any income other than that proportion of income which is of the same nature as income referred to in clause (23FBB) .....

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