https://www.taxtmi.com/acts?id=3236 Section 115R subjects income distributed by the Unit Trust of India, specified companies and Mutual Funds to additional income-tax at specified rates according to fund type and recipient; subsection (2A) mandates grossing up of the distributed amount for tax computation. The distributor and the person effecting payment are jointly liable to deposit the additional tax to the Central Government within fourteen days of distribution or payment. No deduction is permitted to distributing entities for income charged to tax under this section, and the section sets out targeted exemptions and definitional rules including provisions for infrastructure debt funds and specified Mutual Funds operating from an International Financial Services Centre. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3236 Section 115R subjects income distributed by the Unit Trust of India, specified companies and Mutual Funds to additional income-tax at specified rates according to fund type and recipient; subsection (2A) mandates grossing up of the distributed amount for tax computation. The distributor and the person effecting payment are jointly liable to deposit the additional tax to the Central Government within fourteen days of distribution or payment. No deduction is permitted to distributing entities for income charged to tax under this section, and the section sets out targeted exemptions and definitional rules including provisions for infrastructure debt funds and specified Mutual Funds operating from an International Financial Services Centre. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3236