Amendment of section 115-O.

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Full Text of the Document

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....on such dividend; and", the words "paid the tax which is payable under this section on such dividend:" shall be substituted; (iii) sub-clause (c) shall be omitted. - Clause 53 of the Bill seeks to amend section 115-O of the Income-tax Act relating to tax on distributed profits of domestic companies. The existing provisions in sub-section (1A) of the aforesaid section 115-O provide that the am....