https://www.taxtmi.com/news?id=19538 Amendment brings deemed dividends within the dividend distribution tax regime by deleting the Explanation to Chapter XII-D so that distributions referred to in sub clause (e) of clause (22) of section 2 are subject to dividend distribution tax under section 115 O. Such deemed dividends will be taxed at 30 per cent without grossing up, with the amendment applying prospectively to transactions undertaken on or after the commencement date specified by the amendment. en-us Mon, 05 Feb 2018 10:51:29 +0530 Mon, 05 Feb 2018 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19538 Amendment brings deemed dividends within the dividend distribution tax regime by deleting the Explanation to Chapter XII-D so that distributions referred to in sub clause (e) of clause (22) of section 2 are subject to dividend distribution tax under section 115 O. Such deemed dividends will be taxed at 30 per cent without grossing up, with the amendment applying prospectively to transactions undertaken on or after the commencement date specified by the amendment. News - Mon, 05 Feb 2018 10:51:29 +0530 https://www.taxtmi.com/news?id=19538