https://www.taxtmi.com/acts?id=3233 An additional corporate tax is imposed on dividends declared, distributed or paid by domestic companies, payable irrespective of income-tax liability; the company and its principal officer must remit the tax within fourteen days of declaration, distribution or payment. The taxable amount is reduced by specified dividends received and other limited reductions, grossed up to determine liability (subject to certain exceptions), and the tax so paid is treated as the final tax with no further deductions or credits allowed. Specific exemptions apply for SEZ developers, business-trust-acquired companies, and IFSC units under prescribed conditions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 23 Jun 2025 11:28:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3233 An additional corporate tax is imposed on dividends declared, distributed or paid by domestic companies, payable irrespective of income-tax liability; the company and its principal officer must remit the tax within fourteen days of declaration, distribution or payment. The taxable amount is reduced by specified dividends received and other limited reductions, grossed up to determine liability (subject to certain exceptions), and the tax so paid is treated as the final tax with no further deductions or credits allowed. Specific exemptions apply for SEZ developers, business-trust-acquired companies, and IFSC units under prescribed conditions. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3233