Section 194K: Income payable to a Resident Assessee in respect of units of a Specified Mutual Fund or Unit Trust of India
Section 194K deals with tax deducted at source on any income which is payable to a resident in respect of units of Mutual Fund specified u/s 10(23D) or of the UTI. TDS shall be deducted @ 10% on payment or credit whichever is earlier. However no TDS will be deducted if the amount does not… Read More »