https://www.taxtmi.com/acts?id=3238 Section 115T deems the Unit Trust of India or a Mutual Fund to be an assessee in default if the person responsible for paying tax on income distributed by the specified company or Mutual Fund fails to pay the tax under section 115R(1) or (2); the unpaid tax amount is recoverable under the Act. The Explanation defines Mutual Fund, equity oriented fund, Unit Trust of India, money market mutual fund, and liquid fund for purposes of this Chapter. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3238 Section 115T deems the Unit Trust of India or a Mutual Fund to be an assessee in default if the person responsible for paying tax on income distributed by the specified company or Mutual Fund fails to pay the tax under section 115R(1) or (2); the unpaid tax amount is recoverable under the Act. The Explanation defines Mutual Fund, equity oriented fund, Unit Trust of India, money market mutual fund, and liquid fund for purposes of this Chapter. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3238