Dividend income inclusion changes instalment default interest application for taxpayers under revised tax payment provisions. Amendment revises section 234C(1) first proviso by substituting clause (d) to specify "the amount of dividend income" for instalment calculation purposes, ... Summary
Dividend income inclusion changes instalment default interest application for taxpayers under revised tax payment provisions.
Amendment revises section 234C(1) first proviso by substituting clause (d) to specify "the amount of dividend income" for instalment calculation purposes, and inserts Explanation 2 defining "dividend" by reference to clause (22) of section 2, excluding sub-clause (e).
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