Dividend scope narrowed: dividends covered by the separate 115 O regime are excluded from charge under section 115AC. The amendment narrows the taxable scope by replacing the word "dividends" in the provision with "dividends other than dividends referred to in section ... Summary
Dividend scope narrowed: dividends covered by the separate 115 O regime are excluded from charge under section 115AC.
The amendment narrows the taxable scope by replacing the word "dividends" in the provision with "dividends other than dividends referred to in section 115-O", thereby excluding dividends covered by that separate statutory regime from the provision's charge; the change takes effect from the commencement date specified in the amending enactment.
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