Distribution timing under section 115R clarified by insertion requiring distributions to mutual fund unit holders by specified date. The Finance Act, 2020 amends sub-section (2) of section 115R of the Income-tax Act by inserting the words 'on or before the 31st day of March, 2020' after 'or a Mutual Fund to its unit holders,' thereby limiting the sub-section to distributions made on or before that date; the amendment is made effective from 1 April 2021.