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<h1>Finance Act 2020 amends Section 115AC: Simplifies dividend taxation language, effective April 1, 2021.</h1> Section 115AC of the Income-tax Act was amended by the Finance Act, 2020. The amendment involves replacing the phrase 'dividends, other than dividends referred to in section 115-O' with the word 'dividends.' This change is effective from April 1, 2021, simplifying the language regarding the taxation of dividends under this section.