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TypeBare Act JurisdictionCentral Government

Finance (No. 2) Act, 2004 Section 29

Amendment of Section 115r

~1 min read
https://sooperkanoon.com/act/18797

Bare act section · Research

About this section

Finance (No. 2) Act, 2004 Section 29 is part of Finance (No. 2) Act, 2004 - Amendment of Section 115r. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 115R of the Income-tax Act, in sub-section (2),--

(a) for the words "at the rate of twelve and one-half per cent.", the following shall be substituted with effect from the 9th day of July. 2004, namely:--

"at the rate of--

(i) twelve and one-half per cent. on income distributed to any person being an individual or a Hindu undivided family; and

(ii) twenty per cent. on income distributed to any other person:";

(b) in the proviso, the words, figures and letters "for a period of one year commencing from the 1st day of April, 2003" shall be omitted.

Frequently asked questions

What does Finance (No. 2) Act, 2004 Section 29 provide?

Section Section 29 of the Finance (No. 2) Act, 2004 (Amendment of Section 115r) is reproduced on this page as part of the Finance (No. 2) Act, 2004. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance (No. 2) Act, 2004 Section 29?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance (No. 2) Act, 2004 Section 29. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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