Tax on distributed profits of domestic companies.

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.... 109. (1) Every domestic company shall be liable to pay tax on any amount of dividend declared, distributed or paid (whether interim or otherwise) to its shareholders, whether out of current or accumulated profits.        (2) The tax on the dividend shall be charged at the rate specified in Paragraph B of the Second Schedule, on the amount referred to in sub-sectio....

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....ver is earliest.       (5) No deduction under any other provision of this Code shall be allowed to the domestic company or a shareholder in respect of the dividend charged to tax or the tax thereon.       (6) The tax on dividend so paid by the domestic company shall be treated as the final payment of tax in respect of the dividend declared, d....

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....ime allowed under sub-section (4), then, it or he shall be liable to pay simple interest at the rate of one per cent. for every month on the amount of such tax for the period beginning on the date immediately after the last date on which such tax was payable and ending with the date on which the tax is actually paid.      (9) Notwithstanding that no income-tax is payable by ....