Dividend tax: amendment removes reference to section 2(40)(f) determining year of taxability from tax year 2026. The amendment replaces the cross-reference in the year-of-taxability provision for dividend income so that the previous reference to clause (f) of the definition of dividend is substituted by clause (e), thereby changing which sub-clause governs the year in which dividend income is taxed; the change takes effect from 1 April 2026 and applies to the 2026-2027 tax year and thereafter.
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Dividend tax: amendment removes reference to section 2(40)(f) determining year of taxability from tax year 2026.
The amendment replaces the cross-reference in the year-of-taxability provision for dividend income so that the previous reference to clause (f) of the definition of dividend is substituted by clause (e), thereby changing which sub-clause governs the year in which dividend income is taxed; the change takes effect from 1 April 2026 and applies to the 2026-2027 tax year and thereafter.
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