https://www.taxtmi.com/acts?id=46104 Amendment narrows the reduction of distributable income to amounts reduced only by dividends actually distributed, and omits the former clause (ii). Sub-section (4) is tightened by replacing "wholly or mainly" with "mainly in the construction of ships or", adding a clause treating companies that are neither Indian nor have prescribed dividend arrangements in India as qualifying, and updating the Explanation to include "the construction of ships or in". en-us Thu, 12 Dec 2024 15:02:39 +0530 Thu, 12 Dec 2024 16:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46104 Amendment narrows the reduction of distributable income to amounts reduced only by dividends actually distributed, and omits the former clause (ii). Sub-section (4) is tightened by replacing "wholly or mainly" with "mainly in the construction of ships or", adding a clause treating companies that are neither Indian nor have prescribed dividend arrangements in India as qualifying, and updating the Explanation to include "the construction of ships or in". Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 15:02:39 +0530 https://www.taxtmi.com/acts?id=46104