Income Tax Law
Rules 2026/ Rule 210
Income-tax Rules, 2026

Rule 210Condition for no deduction of tax at source from income in respect of units of non-residents referred to in section 393(2) [Table: Sl. No. 10] read with section 393(4) [Table: Sl. No. 15]

Income-tax Rules, 2026 · G.S.R. 198(E), dated 20-03-2026
Income payable in respect of units of the Unit Trust of India to a non-resident Indian or a non-resident Hindu undivided family, shall not be subject to deduction of tax at source, where such units have been acquired from the Unit Trust of India out of the funds in a non-resident (External) account, maintained with any bank in India or by remittance of funds in foreign currency, in accordance, in either case, with the provisions of the Foreign Exchange Management Act , 1999 (42 of 1999), and the rules made thereunder.
This rule refers to
§ 393 Tax to be deducted at source.
§ 393 Tax to be deducted at source.