Income in respect of securities referred to in s.210(1) Sl.1, payable to a Foreign Institutional Investor
- Rate
- As per Note 2
- Who deducts
- Any person
- 1961 Act
- Section 196D
Section finders.393(2) [Table: Sl. No. 15]Act page 479 s.393(2) [Table: Sl. No. 16]Act page 479
Section 196D in the Income-tax Act, 2025
The answer
Section 196D of the Income-tax Act, 1961 is s.393(2) [Table: Sl. Nos. 15 and 16] 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
Income in respect of securities referred to in s.210(1) Sl.1, payable to a specified fund
- Rate
- 10%
- Who deducts
- Any person
- 1961 Act
- Section 196D
Source: the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026, page 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 196D called in the Income-tax Act, 2025?
Section 196D of the Income-tax Act, 1961 is s.393(2) [Table: Sl. Nos. 15 and 16] 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. 15]?
Rate: As per Note 2. It covers: Income in respect of securities referred to in s.210(1) Sl.1, payable to a Foreign Institutional Investor.
What is the TDS rate and threshold under s.393(2) [Table: Sl. No. 16]?
Rate: 10%. It covers: Income in respect of securities referred to in s.210(1) Sl.1, payable to a specified fund.