Tax on dividends distributed
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....vidend distribution tax, at the rate specified in Paragraph B of The Second Schedule and in the manner provided therein, on any amount declared by the company by way of dividends. (2) The amount referred to in sub-section (1) shall be reduced by,- (a) the amount of dividend, if any, received by the domestic company during the financial year, if-  ....
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....sessment or any other mode, as the case may be, in accordance with the provisions of this Code (5) Without prejudice to the foregoing and subject to the provisions of this Code, every domestic company may be charged in respect of its liability to dividend distribution tax referred to in sub-section (1). (6) The dividend distribution tax charged under the foregoing provisions shall be collect....


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