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Section29
The Finance Act, 2004

Amendment of section 115R

In force As on 08 Oct 2026

Ministry Finance

Section 29 of the Finance Act, 2004 deals with amendment of section 115R. Amendment of section 115R. 29. In section 115R of the Income-tax Act, in sub-section (2),— (a ) for the words "at the rate of twelve and one-half per cent", the following shall be substituted with effect from the 9th day of July, 2004, namely:— "at the rate of— (i) twelve and one-half per cent on in

Amendment of section 115R.

29. In section 115R of the Income-tax Act, in sub-section (2),—

(a ) for the words "at the rate of twelve and one-half per cent", the following shall be substituted with effect from the 9th day of July, 2004, namely:—

"at the rate of—

(i) twelve and one-half per cent on income distributed to any person being an individual or a Hindu undivided family; and

(ii) twenty per cent on income distributed to any other person:";

(b ) in the proviso, the words, figures and letters "for a period of one year commencing from the 1st day of April, 2003" shall be omitted.

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Section 29, The Finance Act, 2004.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 115R Tax on distributed income to unit holders

Questions about Section 29

What does Section 29 of the Finance Act deal with?

Section 29 of the Finance Act is headed "Amendment of section 115R". Amendment of section 115R. 29. In section 115R of the Income-tax Act, in sub-section (2),— (a ) for the words "at the rate of twelve and one-half per cent", the following shall be substituted with effect from the 9th day of July, 2004, namely:— "at the rate of— (i) twelve and one-half per cent on in

How do I find court cases under Section 29 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 2004 29, section 29 Finance Act 2004, section 29 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 29 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 2004. 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

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.