TDS on dividends: amendment excludes withholding for dividends falling under section 115-O, changing deduction applicability. Amendment inserts a proviso to section 196C of the Income-tax Act effective 1 June 1997, providing that no deduction under section 196C shall be made in respect of any dividends referred to in section 115-O, thereby excluding such dividends from withholding at source under section 196C.