Amendment to section 115AD removes dividend exclusion, bringing dividend income within the scope of that provision. The amendment to section 115AD omits the words "other than income by way of dividends referred to in section 115-O" from sub section (1), clause (a), ... Summary
Amendment to section 115AD removes dividend exclusion, bringing dividend income within the scope of that provision.
The amendment to section 115AD omits the words "other than income by way of dividends referred to in section 115-O" from sub section (1), clause (a), thereby including dividend receipts within the scope of section 115AD; the change is effective from the 1st day of April, 2003.
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