Interim dividend taxation: interim dividends are taxable in the year they become unconditionally available to the shareholder. The amendment substitutes the opening words to distinguish ordinary dividends from interim dividends and inserts a deeming provision that treats an interim dividend as the income of the previous year in which the amount is unconditionally made available by the company to the member entitled to it, thereby fixing the timing for inclusion of interim dividends in an assessee's total income.