# The Finance Act, 2007, Section 36: Amendment of section 115R

- Act: The Finance Act, 2007
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2007/section/36/

## Text

Amendment of section 115R. 36. In section 115R of the Income-tax Act, in sub-section (2), for clauses (i) and (ii), the following clauses shall be substituted, namely:— "(i ) twenty-five per cent on income distributed by a money market mutual fund or a liquid fund; (ii ) twelve and one-half per cent on income distributed to any person being an individual or a Hindu undivided family by a fund other than a money market mutual fund or a liquid fund; and (iii ) twenty per cent on income distributed to any other person by a fund other than a money market mutual fund or a liquid fund:". © Copyright. Taxmann Publications Pvt. Ltd.

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