25[Income from units.26
196B. 27[Where any
income in respect of units referred to in section
115AB or by way of long-term capital gains arising from the transfer of
such units is payable to an Offshore Fund], the person responsible for making
the payment shall, at the time of credit of such income to the account of the
payee or at the time of payment thereof in cash or by the issue of a cheque or
draft or by any other mode, whichever is earlier, deduct income-tax thereon at
the rate of ten per cent.]