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<h1>Amendment to Income-tax Act exempts individual resident shareholders from tax deductions on dividends under specific conditions.</h1> Section 194 of the Income-tax Act is amended by the Finance Act, 1984, effective June 1, 1984. The amendment introduces a proviso exempting individual resident shareholders of publicly interested companies from tax deductions on dividends. This exemption applies if the dividend is paid via an account payee cheque and the total dividend amount distributed or expected to be distributed to the shareholder during the financial year does not exceed one thousand rupees.