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<h1>Finance Bill 2020 amends Income-tax Act, section 195, enabling deductions for dividends previously restricted by section 115-O.</h1> Clause 85 of the Finance Bill, 2020 amends section 195 of the Income-tax Act by omitting the second proviso in sub-section (1). Previously, this proviso prevented deductions for dividends mentioned in section 115-O. The amendment, effective from April 1, 2020, removes this restriction, allowing deductions for such dividends under section 195.