# The Finance Act, 2011, Section 16: Amendment of section 115A

- Act: The Finance Act, 2011
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2011/section/16/

## Text

Amendment of section 115A. 16. In section 115A of the Income-tax Act, in sub-section (1), in clause (a),  with effect from the 1st day of June, 2011,— (a ) in sub-clause (ii) , after the words "foreign currency", the words, brackets, figures and letter "not being interest of the nature referred to in clause (iia )" shall be inserted; (b ) after sub-clause (ii) , the following sub-clause shall be inserted, namely:— "(iia ) interest received from an infrastructure debt fund referred to in clause (47)  of section 10; or"; (c ) after item (B),  the following item shall be inserted, namely:— "(BA ) the amount of income-tax calculated on the amount of income by way of interest referred to in sub-clause (iia) , if any, included in the total income, at the rate of five per cent;"; (d ) in item (D),  after the word, brackets and figures "sub-clause (ii )", the word, brackets, figures and letter ", sub-clause (iia)"  shall be inserted. © Copyright. Taxmann Publications Pvt. Ltd.

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