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Section21
The Finance Act, 2011

Amendment of section 115R

In force As on 11 Oct 2026

Ministry Finance

Section 21 of the Finance Act, 2011 deals with amendment of section 115R. 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 substi

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.

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Section 21, The Finance Act, 2011.

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 21

What does Section 21 of the Finance Act deal with?

Section 21 of the Finance Act is headed "Amendment of section 115R". 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 substi

How do I find court cases under Section 21 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 2011 21, section 21 Finance Act 2011, section 21 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 21 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 2011. 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.