https://www.taxtmi.com/acts?id=3331 Where a company pays dividends out of profits assessed to agricultural income-tax, the shareholder may obtain a reduction from tax payable under the Income-tax Act equal to the proportion of agricultural income-tax (including super-tax) paid by the company attributable to the dividend, after reducing any State Government refund; alternatively, relief is limited by the shareholder's own income-tax liability (subject to statutory rate caps for non-corporates and by the company's tax for corporate shareholders). A person other than the shareholder chargeable on the dividend is treated as the shareholder for this section. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 17:03:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3331 Where a company pays dividends out of profits assessed to agricultural income-tax, the shareholder may obtain a reduction from tax payable under the Income-tax Act equal to the proportion of agricultural income-tax (including super-tax) paid by the company attributable to the dividend, after reducing any State Government refund; alternatively, relief is limited by the shareholder's own income-tax liability (subject to statutory rate caps for non-corporates and by the company's tax for corporate shareholders). A person other than the shareholder chargeable on the dividend is treated as the shareholder for this section. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3331