{"act":{"id":"finance-act-2011","short_title":"The Finance Act, 2011","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2011-2012.","act_number":null,"act_year":2011,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":36,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2011/"},"unit":"section","section":{"number":"21","heading":"Amendment of section 115R","text":"Amendment of section 115R. 21. In section 115R of the Income-tax Act, in sub-section (2), with effect from the 1st day of June, 2011,— (a ) in clause (i) , for the words \"income distributed\", the words \"income distributed to any person being an individual or a Hindu undivided family\" shall be substituted; (b ) after clause (i) , the following clause shall be inserted, namely:— \"( ia) thirty per cent on income distributed to any other person by a money market mutual fund or a liquid fund;\"; (c ) in clause (iii),  for the words \"twenty per cent\", the words \"thirty per cent\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 115R.</b></p><p><b>21.</b> In section 115R of the Income-tax Act, in sub-section (2)<i>, </i>with effect from the 1st day of June, 2011,—</p><p>(<i>a</i> ) in clause (<i>i</i>) <i>, </i>for the words \"income distributed\", the words \"income distributed to any person being an individual or a Hindu undivided family\" shall be substituted;</p><p>(<i>b</i> ) after clause (<i>i</i>) <i>, </i>the following clause shall be inserted, namely:—</p><p><i> </i>\"( <i>ia</i>)<i> </i>thirty per cent on income distributed to any other person by a money market mutual fund or a liquid fund;\";</p><p>(<i>c</i> )<i> </i>in clause (<i>iii</i>)<i>, </i> for the words \"twenty per cent\", the words \"thirty per cent\" shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":113,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2011/section/21/","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."}