Tax on distributed income: specified companies and mutual funds liable for additional tax on distributions, with exemptions. Amounts of income distributed by a specified company or a Mutual Fund are chargeable to tax, and the specified company or Mutual Fund is liable to pay additional income-tax on such distributed income at a fixed rate; exceptions exclude distributions by the Administrator of the specified undertaking to unit holders and distributions by open-ended equity oriented funds to unit holders for a one-year period commencing 1 April 2003, with 'Administrator' and 'specified company' defined as in the Explanation to clause (35) of section 10.