Taxation of foreign dividends extended to dividends beginning on specified date, applying special levy and denial of deductions. The amendment inserts the words 'or beginning on the 1st day of April, 2013' into section 115BBD to extend its applicability from 1st April, 2013 so that dividends received from foreign subsidiary companies during the financial year 2012-2013 are subjected to the section's tax mechanism for assessment year 2013-2014. The provision taxes such dividend income by aggregating a separately computed tax at the specified levy and the tax chargeable on the remaining income after excluding the dividend amount, and disallows deductions or allowances against the dividend income.