No TDS on any income of an Category I and II Alternative investment fund (other than Business Income)
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,
PART II, SECTION 3, SUB- SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION NO. 51/2015
New Delhi, Dated- 24th June, 2015
S.O. (E).- In exercise of the powers conferred by sub-section (1 F) of section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that no deduction of tax under Chapter XVII of the said Act shall be made on the payments of the nature specified in clause (23FBA) of section 10 of the said Act received by any investment fund as defined in clause (a) of the Explanation 1 of section 115UB of the said Act.
2. This notification shall come into force from the date of its publication in the Official Gazette.
[F. No. 275/11 /2015-IT(B)]
Under Secretary to the Govt. of India