# The Finance Act, 2011, Section 21: Amendment of section 115R

- Act: The Finance Act, 2011
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2011/section/21/

## Text

Amendment of section 115R. 21. In section 115R of the Income-tax Act, in sub-section (2), with effect from the 1st day of June, 2011,— (a ) in clause (i) , for the words "income distributed", the words "income distributed to any person being an individual or a Hindu undivided family" shall be substituted; (b ) after clause (i) , the following clause shall be inserted, namely:— "( ia) thirty per cent on income distributed to any other person by a money market mutual fund or a liquid fund;"; (c ) in clause (iii),  for the words "twenty per cent", the words "thirty per cent" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.

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