Income in respect of units referred to in s.208 (offshore fund)
- Rate
- 10%
- Who deducts
- Any person
- 1961 Act
- Section 196B
Section finders.393(2) [Table: Sl. No. 11]Act page 478 s.393(2) [Table: Sl. No. 12]Act page 479
Section 196B in the Income-tax Act, 2025
The answer
Section 196B of the Income-tax Act, 1961 is s.393(2) [Table: Sl. Nos. 11 and 12] of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
As enacted
Long-term capital gains on the transfer of units referred to in s.208
- Rate
- 12.5%
- Who deducts
- Any person
- 1961 Act
- Section 196B
Source: the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026, pages 478, 479. This page sets out the Table entry as read from the Act; read the section and the Notes to its Table before relying on it for a return or an opinion.
Questions this answers
What is section 196B called in the Income-tax Act, 2025?
Section 196B of the Income-tax Act, 1961 is s.393(2) [Table: Sl. Nos. 11 and 12] of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
What is the TDS rate and threshold under s.393(2) [Table: Sl. No. 11]?
Rate: 10%. It covers: Income in respect of units referred to in s.208 (offshore fund).
What is the TDS rate and threshold under s.393(2) [Table: Sl. No. 12]?
Rate: 12.5%. It covers: Long-term capital gains on the transfer of units referred to in s.208.