Rule 210 exempts from TDS income on Unit Trust of India units payable to a non-resident Indian or non-resident Hindu undivided family, where the units were bought from NRE account funds or foreign-currency remittance under FEMA.
210
Rules 2026 · Rule 210
Condition for no deduction of tax at source from income in respect of units of non-residents referred to in section 393(2) [Table: Sl. No. 10] read with section 393(4) [Table: Sl. No. 15]
Rules 201-260
The condition. For section 393(2) [Table: Sl. No. 10] read with section 393(4) [Table: Sl. No. 15], income payable on units of the Unit Trust of India to a non-resident Indian or a non-resident Hindu undivided family is not subject to deduction of tax at source where the units were acquired from the Unit Trust of India:
in either case in accordance with the Foreign Exchange Management Act, 1999 and the rules made under it.