Dividend distribution tax increase alters tax rate on distributed profits and changes compliance obligations for companies. Amendment increases the tax rate under section 115-O of the Income tax Act by substituting the rate specified in sub section (1); the substitute rate applies with effect from the 1st day of June, 2000, thereby changing the statutory tax charge on distributed profits and the compliance implications for entities subject to the provision.
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 distribution tax increase alters tax rate on distributed profits and changes compliance obligations for companies.
Amendment increases the tax rate under section 115-O of the Income tax Act by substituting the rate specified in sub section (1); the substitute rate applies with effect from the 1st day of June, 2000, thereby changing the statutory tax charge on distributed profits and the compliance implications for entities subject to the provision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
