Section - 194F (of Income Tax Act, 1961), Payments on account of repurchase of …
Section - 194F (of Income Tax Act, 1961), Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
Section - 194F (of Income Tax Act, 1961), Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
This is a REDUNDANT SECTION.
Relevant to section 80CCB (of Income Tax Act, 1961).
The person responsible for paying to any person any amount referred to in sub-section (2) of section 80CCB (of Income Tax Act, 1961) shall, at the time of payment thereof, deduct income-tax thereon at the rate of twenty per cent.
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