Amendment of section 115R.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ndivided family by a money market mutual fund or a liquid fund; (ii) thirty per cent. on income distributed to any other person by a money market mutual fund or a liquid fund; (iii) ten per cent. on income distributed to any person by an equity oriented fund; (iv) twenty-five per cent. on income distributed to any person being an individual or a Hindu undivided family by a fund other than .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uted to a unit holder of equity oriented funds in respect of any distribution made from such funds is not chargeable to tax under the said section. It is proposed to amend the said section so as to provide that where any income is distributed to any person by an equity oriented fund, the fund shall be liable to pay additional income-tax at the rate of ten per cent. on income so distributed. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X