The Income Tax Department on February 4 clarified that the Budget proposal of 10 percent tax reduction at source (TDS) will apply just on dividend payment by shared funds and not on gain developing out of redemption of units or capital gains.
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TDS on Shared Funds: I-T Dept clarifies 10%tax at source just on dividends, not on capital gains
Byindianadmin
Feb 5, 2020