https://www.taxtmi.com/acts?id=46209 The amendment revises the allowable deduction under Section 80M by prescribing differentiated deduction rates for domestic and foreign companies and omitting the prior Explanation. It further substitutes the second sub-section to provide that where a company is also entitled to the deduction under the related deduction provision, the Section 80M deduction shall be computed after reducing the dividend income by the amount of that other deduction. en-us Mon, 16 Dec 2024 16:46:43 +0530 Mon, 16 Dec 2024 16:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46209 The amendment revises the allowable deduction under Section 80M by prescribing differentiated deduction rates for domestic and foreign companies and omitting the prior Explanation. It further substitutes the second sub-section to provide that where a company is also entitled to the deduction under the related deduction provision, the Section 80M deduction shall be computed after reducing the dividend income by the amount of that other deduction. Act-Rules F. Acts / Amendment Acts Mon, 16 Dec 2024 16:46:43 +0530 https://www.taxtmi.com/acts?id=46209