Section 115R
Tax on distributed income to unit holders (Mutual Fund DDT)
Quick Answer
Section 115R (Tax on distributed income to unit holders (Mutual Fund DDT)) has been deleted under the Direct Tax Code 2025, effective 1st April 2026.
Sec 115R
Provision Summary
Mutual funds had to pay distribution tax on income distributed to unit holders.
Deleted
Provision Summary
NA. Abolished along with corporate DDT. Income is now taxed in the hands of the unit holder.
Key Changes & Highlights
- Replaced by TDS under Section 194K.
Related Sections
Frequently Asked Questions
What does Section 115R of the Income Tax Act 1961 deal with?
Section 115R (Tax on distributed income to unit holders (Mutual Fund DDT)) Mutual funds had to pay distribution tax on income distributed to unit holders.
Is Section 115R of the ITA 1961 still applicable under DTC 2025?
Section 115R has been deleted under the Direct Tax Code 2025. NA. Abolished along with corporate DDT. Income is now taxed in the hands of the unit holder.
What is the status of Section 115R under the new tax code?
Section 115R is marked as "Deleted" with status "Deleted". Impact: High - Historical transition for AMC taxation.
What are the key changes to Section 115R under DTC 2025?
Replaced by TDS under Section 194K.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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