Section 194F - Payments on account of repurchase of units by Mutual Fund or Unit Trust of India (Omitted w.e.f. 01.10.2024) - Income Tax - Ready Reckoner - Income Tax

Omitted Vide Finance (No. 2) Act, 2024 w.e.f. 01.10.2024 Section 194F - Payments on account of repurchase of units by Mutual Fund or Unit Trust of India Where any units, issued to any person by a mutual fund or Unit Trust of India under a plan formulated under Equity Linked Saving Scheme to which section 80CCB was applicable, are repurchased by it, then it shall deduct income tax @20% from such payments.