Income of Foreign Institutional Investors from securities

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..... D, is payable] to a Foreign Institutional Investor, the person responsible for making the payment shall, at the time of credit of such income to the account of the payee or at the time of payment thereof 4 [ by any mode ] , whichever is earlier, deduct income-tax thereon at the rate of twenty per cent : 7 [Provided that where an agreement referred to in sub-section (1) of section 90 or sub .....

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..... or at the time of payment thereof by any mode, whichever is earlier, deduct the income-tax thereon at the rate of ten per cent.: Provided that no deduction shall be made in respect of an income exempt under clause (4D) of section 10. ] (2) No deduction of tax shall be made from any income, by way of capital gains arising from the transfer of securities referred to in section 115AD, payab .....

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..... 01-04-2020 before it was read as 2 [Provided that no such deduction shall be made in respect of any dividends referred to in section 115-O.] 6. Inserted vide THE TAXATION AND OTHER LAWS (RELAXATION AND AMENDMENT OF CERTAIN PROVISIONS) ACT, 2020 dated 29-09-2020 w.e.f. 01-11-2020 7. Inserted vide THE FINANCE ACT, 2021 dated 28-03-2021 w.e.f. 01-04-2021 - - statute, stat .....

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