Income in respect of units

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..... specified company, shall, at the time of credit of such income to the account of the payee or at the time of payment thereof by any mode, whichever is earlier, deduct income-tax thereon at the rate of ten per cent.: Provided that the provisions of this section shall not apply- (i) where the amount of such income or, as the case may be, the aggregate of the amounts of such income credit .....

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..... rtaking and Repeal) Act, 2002. (58 of 2002.) Explanation 2. For the removal of doubts, it is hereby clarified that where any income referred to in this section is credited to any account, whether called suspense account or by any other name, in the books of account of the person liable to pay such income, such crediting shall be deemed to be the credit of such income to the account of the .....

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