Dividend taxation amendment excludes dividends covered by section 115-O from section 115AC's withholding tax scope. Amendment narrows the reach of section 115AC by substituting the word "dividends" with "dividends, other than dividends referred to in section 115-O," ... Summary
Dividend taxation amendment excludes dividends covered by section 115-O from section 115AC's withholding tax scope.
Amendment narrows the reach of section 115AC by substituting the word "dividends" with "dividends, other than dividends referred to in section 115-O," thereby excluding dividends governed by the separate regime in section 115-O from the scope of section 115AC; the substitution applies to every occurrence of the original term and takes effect from the enactment's commencement.
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