https://www.taxtmi.com/acts?id=18667 Amendment requires that, for determining tax on distributed profits, any dividend amount reduced to arrive at net distributed profits must be increased to an amount which, after reduction of the tax at the rate specified in sub-section (1), equals the net distributed profits, thereby prescribing a gross-up computation for the taxable dividend base. en-us Fri, 11 Jul 2014 16:06:52 +0530 Fri, 11 Jul 2014 16:06:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18667 Amendment requires that, for determining tax on distributed profits, any dividend amount reduced to arrive at net distributed profits must be increased to an amount which, after reduction of the tax at the rate specified in sub-section (1), equals the net distributed profits, thereby prescribing a gross-up computation for the taxable dividend base. Act-Rules Bills Fri, 11 Jul 2014 16:06:52 +0530 https://www.taxtmi.com/acts?id=18667