https://www.taxtmi.com/acts?id=12059 The amendment modifies the tax on distributed income by categorising recipients and fund types: it specifies that additional tax applies to distributions to individuals and Hindu undivided families by money market mutual funds and liquid funds, inserts a separate provision imposing a higher additional tax on distributions by those funds to other recipients, and increases the additional tax rate on distributions to other recipients by funds other than money market or liquid funds. en-us Wed, 02 Mar 2011 16:05:51 +0530 Wed, 02 Mar 2011 16:05:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12059 The amendment modifies the tax on distributed income by categorising recipients and fund types: it specifies that additional tax applies to distributions to individuals and Hindu undivided families by money market mutual funds and liquid funds, inserts a separate provision imposing a higher additional tax on distributions by those funds to other recipients, and increases the additional tax rate on distributions to other recipients by funds other than money market or liquid funds. Act-Rules Bills Wed, 02 Mar 2011 16:05:51 +0530 https://www.taxtmi.com/acts?id=12059