Withholding on mutual fund distributions reclassified by fund type and recipient class, with distinct withholding categories defined. Amendment to section 115R substitutes sub section (2) clauses with a five part structure assigning withholding rates on distributions according to fund ... Summary
Withholding on mutual fund distributions reclassified by fund type and recipient class, with distinct withholding categories defined.
Amendment to section 115R substitutes sub section (2) clauses with a five part structure assigning withholding rates on distributions according to fund type (money market/liquid, equity oriented, other) and recipient class (individuals/HUFs versus other persons), and omits clause (b) from the second proviso.
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