https://www.taxtmi.com/acts?id=50023 A substituted section allows a deduction from dividend income for shareholders or persons taxable on dividends equal to the part attributable to profits and gains derived by the company from an industrial undertaking, ship or hotel business, where the company had no tax payable for earlier assessment years or is entitled to a statutory deduction for the applicable and subsequent assessment years; the allowance is subject to rules made by the Board. en-us Mon, 03 Mar 2025 15:24:13 +0530 Mon, 03 Mar 2025 15:24:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50023 A substituted section allows a deduction from dividend income for shareholders or persons taxable on dividends equal to the part attributable to profits and gains derived by the company from an industrial undertaking, ship or hotel business, where the company had no tax payable for earlier assessment years or is entitled to a statutory deduction for the applicable and subsequent assessment years; the allowance is subject to rules made by the Board. Act-Rules F. Acts / Amendment Acts Mon, 03 Mar 2025 15:24:13 +0530 https://www.taxtmi.com/acts?id=50023