Tax on distributed income: increased rates for distributions from money market and other mutual funds, affecting individuals and other recipients. The amendment modifies the tax on distributed income by categorising recipients and fund types: it specifies that additional tax applies to distributions to individuals and Hindu undivided families by money market mutual funds and liquid funds, inserts a separate provision imposing a higher additional tax on distributions by those funds to other recipients, and increases the additional tax rate on distributions to other recipients by funds other than money market or liquid funds.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax on distributed income: increased rates for distributions from money market and other mutual funds, affecting individuals and other recipients.
The amendment modifies the tax on distributed income by categorising recipients and fund types: it specifies that additional tax applies to distributions to individuals and Hindu undivided families by money market mutual funds and liquid funds, inserts a separate provision imposing a higher additional tax on distributions by those funds to other recipients, and increases the additional tax rate on distributions to other recipients by funds other than money market or liquid funds.
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