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    <title>Dividend and Income Distribution Tax - THE FINANCE (No. 2) BILL, 2014</title>
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    <description>Amendments require grossing-up of dividends and mutual fund distributed income so that the tax is computed on a pre-tax amount which, after reduction by the statutory distribution tax rate, equals the net amount actually paid; Section 115-O is revised for company dividends and Section 115R for mutual fund distributions, with both changes effective from 1 October 2014.</description>
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