https://www.taxtmi.com/acts?id=53164 Amendment to section 203 allows deduction for dividends received by resident co operative societies from inter cooperative sources and specified federal co operative investments, limited to amounts distributed to members and, for federal co operative dividends from investments before 31 January 2026, distributed on or before 31 March 2029. New sub section (7) caps the deduction under section 149(2)(d)(ii) for assessees opting into the new tax regime to dividends distributed at least one month before the filing due date under section 263(1). Effective 1 April 2026 for tax year 2026-2027 onwards. en-us Sun, 01 Feb 2026 15:19:28 +0530 Sun, 01 Feb 2026 15:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53164 Amendment to section 203 allows deduction for dividends received by resident co operative societies from inter cooperative sources and specified federal co operative investments, limited to amounts distributed to members and, for federal co operative dividends from investments before 31 January 2026, distributed on or before 31 March 2029. New sub section (7) caps the deduction under section 149(2)(d)(ii) for assessees opting into the new tax regime to dividends distributed at least one month before the filing due date under section 263(1). Effective 1 April 2026 for tax year 2026-2027 onwards. Act-Rules Bills Sun, 01 Feb 2026 15:19:28 +0530 https://www.taxtmi.com/acts?id=53164