Prohibition on tax deduction for dividends under section 115-O following insertion of a proviso to section 196C. An amendment inserts a proviso to section 196C specifying that no deduction shall be made in respect of dividends referred to in section 115-O, thereby ... Summary
Prohibition on tax deduction for dividends under section 115-O following insertion of a proviso to section 196C.
An amendment inserts a proviso to section 196C specifying that no deduction shall be made in respect of dividends referred to in section 115-O, thereby excluding those dividends from the deduction mechanism under section 196C.
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