https://www.taxtmi.com/acts?id=3199 Section 109 prescribes computation of distributable income by reducing a company's gross total income by specified taxes, certain deductions, capital gains losses, income restricted from remittance, statutory banking transfers and enumerated non deducted business expenditures; defines company categories (investment, consultancy service, trading, industrial and others); and establishes a tiered statutory percentage regime that applies different deemed distribution ratios to whole companies or to apportioned parts of gross total income attributable to specified businesses, with procedural apportionment of dividends, distributable income and taxes for Chapter computations. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:16:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3199 Section 109 prescribes computation of distributable income by reducing a company's gross total income by specified taxes, certain deductions, capital gains losses, income restricted from remittance, statutory banking transfers and enumerated non deducted business expenditures; defines company categories (investment, consultancy service, trading, industrial and others); and establishes a tiered statutory percentage regime that applies different deemed distribution ratios to whole companies or to apportioned parts of gross total income attributable to specified businesses, with procedural apportionment of dividends, distributable income and taxes for Chapter computations. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3199