https://www.taxtmi.com/acts?id=46112 The amendment replaces subsection (2) of section 236A so that the credit equals the sum which bears to the company's tax on the relevant dividend distributions the same proportion as the dividends (other than on preference shares) received by the institution or fund from the company bear to the total dividends (other than on preference shares) declared or distributed by the company during the previous year, and explains that "the relevant amount of distributions of dividends" is defined in the Finance Act of the relevant year. en-us Thu, 12 Dec 2024 15:04:39 +0530 Thu, 12 Dec 2024 16:37:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46112 The amendment replaces subsection (2) of section 236A so that the credit equals the sum which bears to the company's tax on the relevant dividend distributions the same proportion as the dividends (other than on preference shares) received by the institution or fund from the company bear to the total dividends (other than on preference shares) declared or distributed by the company during the previous year, and explains that "the relevant amount of distributions of dividends" is defined in the Finance Act of the relevant year. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 15:04:39 +0530 https://www.taxtmi.com/acts?id=46112