Dividend distribution tax revised: lower rate for individuals and HUF and higher rate for other recipients. Amendment revises section 115R(2) to replace the prior uniform rate with differentiated rates: twelve and one half per cent. on income distributed to individuals and Hindu undivided families and twenty per cent. on income distributed to other persons, effective from the 9th day of July, 2004; and it omits the proviso language limiting application to a specified one year commencement period.