Tax on distributed income limited to distributions before the transitional cutoff; amendment applies from the implementation date. Amendment narrows the charge under tax on distributed income by restricting sub section (2) so it applies only to income distributed by a specified company or a Mutual Fund to its unit holders that was distributed on or before the 31st day of March, 2020, thereby excluding later distributions from the provision.
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Provisions expressly mentioned in the judgment/order text.
Tax on distributed income limited to distributions before the transitional cutoff; amendment applies from the implementation date.
Amendment narrows the charge under tax on distributed income by restricting sub section (2) so it applies only to income distributed by a specified company or a Mutual Fund to its unit holders that was distributed on or before the 31st day of March, 2020, thereby excluding later distributions from the provision.
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