Tax on distributed profits narrowed to cover only dividends within a specified prior period, altering future applicability. Amendment narrows section 115-O to cover dividend amounts declared, distributed or paid by a domestic company by way of dividend (whether interim or otherwise), whether out of current or accumulated profits, only if declared, distributed or paid on or after 1 April 2003 but on or before 31 March 2020. The change to sub section (1) takes effect from 1 April 2021 and applies to the assessment year 2021 2022 and subsequent assessment years.