https://www.taxtmi.com/acts?id=51515 Section 85A provided a deduction from a company's income tax for dividend income received from Indian companies (or those with prescribed dividend arrangements), calculated by reference to tax at the average rate on that dividend income but limited so that only the portion exceeding a statutory threshold was deductible; a lower threshold applied where prescribed arrangements were absent and for companies mainly engaged in certain activities, the latter defined by a majority-of-income deeming rule. The provision was later omitted by amendment. en-us Fri, 13 Jun 2025 12:50:39 +0530 Thu, 28 Aug 2025 13:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51515 Section 85A provided a deduction from a company's income tax for dividend income received from Indian companies (or those with prescribed dividend arrangements), calculated by reference to tax at the average rate on that dividend income but limited so that only the portion exceeding a statutory threshold was deductible; a lower threshold applied where prescribed arrangements were absent and for companies mainly engaged in certain activities, the latter defined by a majority-of-income deeming rule. The provision was later omitted by amendment. Act-Rules Income Tax Fri, 13 Jun 2025 12:50:39 +0530 https://www.taxtmi.com/acts?id=51515