https://www.taxtmi.com/acts?id=46441 Substituted subsection (1) of Section 80M provides that, for a domestic company whose gross total income includes dividends from another domestic company, a deduction is allowed: a full deduction for dividends from companies formed after 28 February 1975 engaged exclusively or almost exclusively in manufacture or production of specified Ninth Schedule items; and a sixty per cent deduction for dividends not falling within that manufacturing-company category. en-us Thu, 19 Dec 2024 18:11:31 +0530 Thu, 19 Dec 2024 18:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46441 Substituted subsection (1) of Section 80M provides that, for a domestic company whose gross total income includes dividends from another domestic company, a deduction is allowed: a full deduction for dividends from companies formed after 28 February 1975 engaged exclusively or almost exclusively in manufacture or production of specified Ninth Schedule items; and a sixty per cent deduction for dividends not falling within that manufacturing-company category. Act-Rules F. Acts / Amendment Acts Thu, 19 Dec 2024 18:11:31 +0530 https://www.taxtmi.com/acts?id=46441