Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Dividend taxation: all dividends now taxable in the hands of non residents, removing the prior exclusion reference. The Bill removes a prior statutory exclusion by replacing the phrase that limited taxable receipts with the single term dividends, so that all dividend ... Summary
Dividend taxation: all dividends now taxable in the hands of non residents, removing the prior exclusion reference.
The Bill removes a prior statutory exclusion by replacing the phrase that limited taxable receipts with the single term dividends, so that all dividend income is taxable in the hands of non residents; the amendment operates prospectively to apply to the relevant assessment period and subsequent assessment periods.
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