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Union Budget 2024: 20% TDS on repurchase by mutual funds & UTI withdrawn

By Economic Times - 4 months ago
Finance Minister Nirmala Sitharaman announces withdrawal of 20% TDS rate on mutual funds and UTI repurchase. The Finance Bill 2024 proposes to omit section 194F of the Income-tax Act. Effective from October 1, 2024.

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