Tax on high-value dividends: specified residents face a special flat rate on dividend income above the threshold. Section 115BBDA subjects aggregate dividend income above a statutory threshold received by a specified resident assessee from domestic companies to a two-part tax: a concessional flat rate on the excess dividend amount and the taxpayer's ordinary income tax computed after excluding that excess; deductions, allowances and loss set-offs are disallowed against the dividend income so taxed, and the section defines 'dividend' and 'specified assessee' with specified exclusions.