The following amendments have been made to sections 115R and 115T with effect from April 1,2018—
1. Where any income is distributed by a Mutual Fund (being an Equity Oriented Fund), the mutual fund shall be liable to pay additional income-tax at the rate of 10% on income so distributed [+ 12% of such tax as surcharge + 4% of tax and surcharge as Health and Education Cess, effective rate: 12.9422 %].
2. For this purpose, Equity Oriented Fund will have the same meaning assigned to it in the new section 112A.