Dividend tax applicability broadened by redefining specified assessee, expanding resident persons captured under section 115BBDA. Amendment to section 115BBDA replaces the prior specification of affected taxpayers with a definition of specified assessee, excluding domestic companies, certain funds, institutions, trusts, universities, educational and medical institutions within specified sub-clauses of section 10(23C), and trusts or institutions registered under section 12AA, thereby widening the class of resident persons captured by the dividend tax provision. The amendment also clarifies that 'dividend' follows the definition in section 2(22) with a specified exclusion and takes effect from 1 April 2018 for assessment years 2018-2019 onward.