Section 194F:
Payments on account of repurchase of units by Mutual Fund or Unit Trust of India.
1The person responsible for paying to any person any amount referred to in sub-section (2) of section
80CCB shall, at the time of payment thereof, deduct income-tax thereon at the rate of twenty per cent.
Notes:
1. Ins. by Act 12 of 1990, s. 40 (w.e.f. 1-4-1991).