Insertion of new section 80M

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....ct, the following section shall be inserted with effect from the 1st day of April, 2003, namely:- '80M. Deduction in respect of certain intercorporate dividends- (1) Where the gross total income of....

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....amount of dividend distributed by the first-mentioned domestic company on or before the due date. (2) Where any deduction, in respect of the amount of dividend distributed by the domestic company, ....