Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Dividend tax credit for charitable shareholders: proportionate corporate-tax credit on exempt dividends, with refund of any excess. Where dividends received by a charitable institution or fund are exempt, the institution shall be given a credit against its tax for dividends (excluding ... Summary
Dividend tax credit for charitable shareholders: proportionate corporate-tax credit on exempt dividends, with refund of any excess.
Where dividends received by a charitable institution or fund are exempt, the institution shall be given a credit against its tax for dividends (excluding preference dividends) declared or distributed by a company, the credit being the proportion of the company's tax attributable to dividend distributions corresponding to the proportion of dividends received by the institution to total dividends declared or distributed by the company; any excess credit over tax payable shall be refunded, and the term relevant amount of distributions has the meaning assigned in the Finance Act of the relevant year.
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