Amendment of section 115R.

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..... ed, namely:- Provided also that no additional income-tax shall be chargeable in respect of any amount of income distributed on or after the 1st day of September, 2019 by a specified Mutual Fund, out of its income derived from transactions made on a recognised stock exchange located in any International Financial Services Centre: ; (B) in the Explanation,- .....

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..... (v) specified Mutual Fund means a Mutual Fund specified under clause (23D) of section 10- (a) located in any International Financial Services Centre; (b) deriving income solely in convertible foreign exchange; (c) of which all the units are held by non-residents; (vi) unit means beneficial interest of an investor in the .....

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..... Provided also that no additional income-tax shall be chargeable in respect of any amount of income distributed on or after the 1st day of September, 2019 by a specified Mutual Fund, out of its income derived from transactions made on a recognised stock exchange located in any International Financial Services Centre and where the consideration for such transaction is paid or payable in .....

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..... aning assigned to it in clause (ii) of Explanation 1 to clause (5) of section 43; (v) specified Mutual Fund means a Mutual Fund specified under clause (23D) of section 10- (a) located in any International Financial Services Centre; (b) x x x x x x x x x (c) (b) of which all the units are held by non-residents; .....

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..... Mutual Fund out of its income derived from transactions made on a recognised stock exchange located in any International Financial Services Centre. It is further proposed to insert the definition of the expressions specified Mutual Fund , unit , convertible foreign exchange and International Financial Services Centre in the Explanation to the said sub-section. Th .....

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