{"act":{"id":"finance-act-2000","short_title":"The Finance Act, 2000","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2000-2001.","act_number":null,"act_year":2000,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":82,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2000/"},"unit":"section","section":{"number":"55","heading":"Amendment of section 115R","text":"Amendment of section 115R. 55. In section 115R of the Income-tax Act, with effect from the 1st day of June, 2000,— (a) in sub-sections (1) and (2), for the words \"ten per cent\", the words \"twenty per cent\" shall be substituted; (b) after sub-section (3), the following sub-section shall be inserted, namely:— \"(3A) The person responsible for making payment of the income distributed by the Unit Trust of India or a Mutual Fund and the Unit Trust of India or the Mutual Fund, as the case may be, shall on or before the 15th day of September in each year, furnish to the prescribed income-tax authority, a statement in the pre­scribed form and verified in the prescribed manner, giving the details of the amount of income distributed to unit holders during the previous year, the tax paid thereon and such other relevant details as may be prescribed.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 115R.</b></p><p><b>55.</b> In section 115R of the Income-tax Act, with effect from the 1st day of June, 2000,—</p><p>(<i>a</i>) in sub-sections (1) and (2), for the words \"ten per cent\", the words \"twenty per cent\" shall be substituted;</p><p>(<i>b</i>) after sub-section (3), the following sub-section shall be inserted, namely:—</p><p>\"(3A) The person responsible for making payment of the income distributed by the Unit Trust of India or a Mutual Fund and the Unit Trust of India or the Mutual Fund, as the case may be, shall on or before the 15th day of September in each year, furnish to the prescribed income-tax authority, a statement in the pre­scribed form and verified in the prescribed manner, giving the details of the amount of income distributed to unit holders during the previous year, the tax paid thereon and such other relevant details as may be prescribed.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":153,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2000/section/55/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}