https://www.taxtmi.com/acts?id=48220 The proviso to section 80M grants domestic companies a phased deduction for dividend income from units of the Unit Trust of India: a substantial portion is allowable in the first affected previous year, a reduced portion in the next previous year, and no deduction for subsequent previous years; effective from the first day of April following the Finance Act and subject to the other provisions of section 80M. en-us Wed, 29 Jan 2025 12:14:01 +0530 Wed, 29 Jan 2025 12:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48220 The proviso to section 80M grants domestic companies a phased deduction for dividend income from units of the Unit Trust of India: a substantial portion is allowable in the first affected previous year, a reduced portion in the next previous year, and no deduction for subsequent previous years; effective from the first day of April following the Finance Act and subject to the other provisions of section 80M. Act-Rules F. Acts / Amendment Acts Wed, 29 Jan 2025 12:14:01 +0530 https://www.taxtmi.com/acts?id=48220