Dividend tax treatment changed for a specified category, raising the rate and removing that category from a relief provision.

Amendment to section 115-O inserts provisos: (1) a proviso treating dividends referred to in sub-clause (e) of clause (22) of section 2 as subject to a substituted higher rate in place of the earlier rate; and (1B) a proviso specifying that sub-section (1B) shall not apply to dividends referred to in that sub-clause, thereby excluding that category from the operation of sub-section (1B).

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