https://www.taxtmi.com/acts?id=39354 A dividend is to be treated like specified incomes for exclusion from book profit when credited to profit and loss and taxed at a lower rate; related expenses are similarly allowable. Additionally, where an APA or a secondary adjustment increases a prior year's book profit, the company may apply to the Assessing Officer for recomputation of that past year's book profit and tax in the prescribed manner, with the rectification mechanism applying and the limitation period reckoned from the end of the financial year in which the application is received. en-us Mon, 01 Feb 2021 16:51:29 +0530 Mon, 01 Feb 2021 16:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39354 A dividend is to be treated like specified incomes for exclusion from book profit when credited to profit and loss and taxed at a lower rate; related expenses are similarly allowable. Additionally, where an APA or a secondary adjustment increases a prior year's book profit, the company may apply to the Assessing Officer for recomputation of that past year's book profit and tax in the prescribed manner, with the rectification mechanism applying and the limitation period reckoned from the end of the financial year in which the application is received. Act-Rules Bills Mon, 01 Feb 2021 16:51:29 +0530 https://www.taxtmi.com/acts?id=39354