Withholding tax threshold increased and dividends covered by dividend-tax provisions excluded from deduction under amended rules. The amendment increases the monetary threshold for deduction under clause (b) of the first proviso to section 194 and deems that substitution effective from 1 August 2002, and inserts a further proviso excluding from deduction dividends covered by the dividend-specific tax provision in section 115-O.
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.
Withholding tax threshold increased and dividends covered by dividend-tax provisions excluded from deduction under amended rules.
The amendment increases the monetary threshold for deduction under clause (b) of the first proviso to section 194 and deems that substitution effective from 1 August 2002, and inserts a further proviso excluding from deduction dividends covered by the dividend-specific tax provision in section 115-O.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.