Amendment of section 115R
Section 36 of the Finance Act, 2007 deals with amendment of section 115R. 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;
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.
Section 36, The Finance Act, 2007.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 2
Questions about Section 36
What does Section 36 of the Finance Act deal with?
Section 36 of the Finance Act is headed "Amendment of section 115R". 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;
How do I find court cases under Section 36 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 2007 36, section 36 Finance Act 2007, section 36 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 36 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. 2 other provisions in this corpus refer back to it.
When was the Finance Act enacted?
Finance Act was enacted in 2007. 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 Schedule7694 words
- 2. Income-tax3111 words
- 6. Amendment of section 101202 words
- 11. Amendment of section 171097 words
- 64. Amendment of section 245D1090 words
- 86. Amendment of section 22D1089 words
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.