{"id":3886,"date":"2018-03-01T15:25:09","date_gmt":"2018-03-01T09:55:09","guid":{"rendered":"https:\/\/www.hostbooks.com\/in\/?p=3886"},"modified":"2018-03-01T15:25:09","modified_gmt":"2018-03-01T09:55:09","slug":"section-115bbb-tax-income-units-open-ended-equity-oriented-fund-unit-trust-india-mutual-funds","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/income-tax-act-1961\/section-115bbb-tax-income-units-open-ended-equity-oriented-fund-unit-trust-india-mutual-funds\/","title":{"rendered":"Section &#8211; 115BBB : Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds"},"content":{"rendered":"<p>115BBB. (1) Where the total income of an assessee includes any income from units of an open-ended equity oriented fund of the Unit Trust of India or of a Mutual Fund, the income-tax payable shall be the aggregate of\u2014<\/p>\n<p>(a)  the amount of income-tax calculated on income from units of an open-ended equity oriented fund of the Unit Trust of India or of a Mutual Fund, at the rate of ten per cent; and<\/p>\n<p>(b)  the amount of income-tax with which the assessee would have been chargeable had his total income been reduced by the amount of income referred to in clause (a).<\/p>\n<p>(2) Nothing contained in sub-section (1) shall apply in relation to any income from units of an open-ended equity oriented fund of the Unit Trust of India or of the Mutual Fund arising after the 31st day of March, 2003.<\/p>\n<p>Explanation.\u2014For the purposes of this section, the expressions &#8220;Mutual Fund&#8221;, &#8220;open-ended equity oriented fund&#8221; and &#8220;Unit Trust of India&#8221; shall have the meanings respectively assigned to them in the Explanation to section 115T.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>115BBB. (1) Where the total income of an assessee includes any income from units of<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":68,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3126,446],"tags":[],"yst_prominent_words":[2704,3259,2237,568,3252,3250,3254,3255,3257,3256,3251,3247,3258,3248,508,2199,2205,1827,3253,3249],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/3886"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=3886"}],"version-history":[{"count":0,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/3886\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=3886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=3886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=3886"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=3886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}