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<h1>Amendment to Income-tax Act: No Deductions on Dividends under Section 115-O from June 1, 1997, per Finance Act 1997.</h1> Section 196D of the Income-tax Act is amended by inserting a proviso in sub-section (1), effective from June 1, 1997. This proviso specifies that no deduction shall be made for any dividends mentioned in section 115-O. This amendment is part of the Finance Act, 1997, under the direct taxes category, specifically addressing income tax provisions.