Amendment of section 115R
Section 55 of the Finance Act, 2000 deals with amendment of section 115R. 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;
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.".
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Section 55, The Finance Act, 2000.
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Questions about Section 55
What does Section 55 of the Finance Act deal with?
Section 55 of the Finance Act is headed "Amendment of section 115R". 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;
How do I find court cases under Section 55 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2000 55, section 55 Finance Act 2000, section 55 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 55 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 115R (Tax on distributed income to unit holders), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2000. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule5680 words
- 2. Income-tax2342 words
- 6. Substitution of new section for section 10A1803 words
- 7. Substitution of new section for section 10B1573 words
- 52. Insertion of new section 115JB1090 words
- 5. Amendment of section 10957 words
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