https://www.taxtmi.com/acts?id=53832 Section 203 of the Income-tax Act is amended to include section 150 in the relevant deduction reference and to insert a special rule for co-operative societies that have exercised the prescribed option under sub-section (5). For such assessees, the deduction under section 149(2)(d)(ii) is modified so that it applies only up to the amount of dividend distributed to members at least one month before the due date for filing the return of income under section 263(1). en-us Tue, 31 Mar 2026 15:32:08 +0530 Tue, 31 Mar 2026 15:32:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53832 Section 203 of the Income-tax Act is amended to include section 150 in the relevant deduction reference and to insert a special rule for co-operative societies that have exercised the prescribed option under sub-section (5). For such assessees, the deduction under section 149(2)(d)(ii) is modified so that it applies only up to the amount of dividend distributed to members at least one month before the due date for filing the return of income under section 263(1). Act-Rules F. Acts / Amendment Acts Tue, 31 Mar 2026 15:32:08 +0530 https://www.taxtmi.com/acts?id=53832