Dividend deduction restriction; exclusion of certain dividends and higher deduction threshold under alternative tax computation from specified dates. Amendments to section 57 exclude certain dividends from the deduction regime by inserting an exclusion after 'in the case of dividends,' effective 1 October 2024; they also add a proviso increasing the deduction ceiling where tax is computed under the specified alternative computation provision, effective 1 April 2025, and further provide that no deduction shall be allowed for dividends of the nature identified by the referenced sub-clause, effective 1 October 2024.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Dividend deduction restriction; exclusion of certain dividends and higher deduction threshold under alternative tax computation from specified dates.
Amendments to section 57 exclude certain dividends from the deduction regime by inserting an exclusion after "in the case of dividends," effective 1 October 2024; they also add a proviso increasing the deduction ceiling where tax is computed under the specified alternative computation provision, effective 1 April 2025, and further provide that no deduction shall be allowed for dividends of the nature identified by the referenced sub-clause, effective 1 October 2024.
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