Taxation of foreign dividends extended under section 115BBD, applying to dividends received in financial year 2014-15 and thereafter. The amendment removes the prior temporal restriction and provides that the special tax regime for dividends from specified foreign companies continues to apply to dividends received during the financial year 2014-15 and subsequent years, effective 1 April 2015 and applicable to the assessment year 2015-16 and thereafter.
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Taxation of foreign dividends extended under section 115BBD, applying to dividends received in financial year 2014-15 and thereafter.
The amendment removes the prior temporal restriction and provides that the special tax regime for dividends from specified foreign companies continues to apply to dividends received during the financial year 2014-15 and subsequent years, effective 1 April 2015 and applicable to the assessment year 2015-16 and thereafter.
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