# The Finance Act, 2014, Section 42: Amendment of section 115R

- Act: The Finance Act, 2014 (Act 25 of 2014)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2014/section/42/

## Text

Amendment of section 115R. 42. In section 115R of the Income-tax Act,— (a) | after the Explanation to sub-section (2), the following sub-section shall be inserted with effect from the 1st day of October, 2014, namely:— "(2A) For the purposes of determining the additional income-tax payable in accordance with sub-section (2), the amount of distributed income referred therein shall be increased to such amount as would, after reduction of the additional income-tax on such increased amount at the rate specified in sub-section (2), be equal to the amount of income distributed by the Mutual Fund."; (b) | sub-section (3A) shall be omitted with effect from the 1st day of April, 2015. © Copyright. Taxmann Publications Pvt. Ltd.

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