Insertion of new section 80M.

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.... the following section shall be inserted with effect from the 1st day of April, 2021, namely:- Deduction in respect of certain inter-corporate dividends. '80M. (1) Where the gross total income of ....

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....such other domestic company or foreign company or business trust as does not exceed the amount of dividend distributed by it on or before the due date. (2) Where any deduction, in respect of the amo....