Taxation of dividend income: all dividend receipts of foreign institutional investors now taxable in their hands. The amendment deletes the exclusion of dividends referred to in section 115 O from sub section (1)(a) of section 115AD so that all dividend income of Foreign Institutional Investors is taxable under section 115AD, with prospective effect from the stated effective date and applying to the relevant assessment year and subsequent years.
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Provisions expressly mentioned in the judgment/order text.
Taxation of dividend income: all dividend receipts of foreign institutional investors now taxable in their hands.
The amendment deletes the exclusion of dividends referred to in section 115 O from sub section (1)(a) of section 115AD so that all dividend income of Foreign Institutional Investors is taxable under section 115AD, with prospective effect from the stated effective date and applying to the relevant assessment year and subsequent years.
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