TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2021 amends Section 194: Tax exemption for dividends to business trusts by Indian companies.</h1> Clause 44 of the Finance Bill, 2021 amends section 194 of the Income-tax Act concerning the deduction of tax at source on dividend payments by Indian companies. The amendment introduces new clauses to the second proviso, exempting income credited or paid to a 'business trust' by a special purpose vehicle, and any other person notified by the Central Government, from the provisions of section 194. This amendment is effective retrospectively from April 1, 2020, thereby expanding the scope of exemptions under section 194.
TaxTMI 
TaxTMI 
