Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Taxation of dividend income: all dividend receipts of foreign institutional investors now taxable in their hands. The amendment deletes the exclusion of dividends referred to in section 115 O from sub section (1)(a) of section 115AD so that all dividend income of ... Summary
Taxation of dividend income: all dividend receipts of foreign institutional investors now taxable in their hands.
The amendment deletes the exclusion of dividends referred to in section 115 O from sub section (1)(a) of section 115AD so that all dividend income of Foreign Institutional Investors is taxable under section 115AD, with prospective effect from the stated effective date and applying to the relevant assessment year and subsequent years.
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