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| Home > Indian Bare Acts > Income Tax Act - 1961 > Payments on account of repurchase of units by Mutual Fund or Unit Trust of India. |
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| Income Tax Act - 1961 |
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Title : Income Tax Act - 1961
Year : 1961
Act :
194F.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.
Last updated on February, 2008
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