Amendment of section 115R.

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Full Text of the Document

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.... (b) after sub-clause (iii) and before the proviso, the following proviso shall be inserted, namely:- "Provided that where any income is distributed by a mutual fund under an infrastructure debt fund scheme to a non-resident (not being a company) or a foreign company, the mutual fund shall be liable to pay additional income-tax at the rate of five per cent on income so distributed:"; ....