https://www.taxtmi.com/acts?id=18668 A grossing-up mechanism is added for determining additional income-tax on amounts distributed by Mutual Funds: the distributed income is increased to the amount which, after reduction of additional income-tax at the rates specified in section 115R(2), equals the income distributed to unit holders. Separately, the annual statement requirement for Unit Trust of India and Mutual Funds to report distributions and tax paid to the income-tax authority is proposed to be omitted. en-us Fri, 11 Jul 2014 16:07:24 +0530 Fri, 11 Jul 2014 16:07:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18668 A grossing-up mechanism is added for determining additional income-tax on amounts distributed by Mutual Funds: the distributed income is increased to the amount which, after reduction of additional income-tax at the rates specified in section 115R(2), equals the income distributed to unit holders. Separately, the annual statement requirement for Unit Trust of India and Mutual Funds to report distributions and tax paid to the income-tax authority is proposed to be omitted. Act-Rules Bills Fri, 11 Jul 2014 16:07:24 +0530 https://www.taxtmi.com/acts?id=18668