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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Provisions expressly mentioned in the judgment/order text.
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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