Amendment of Section 80M

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Full Text of the Document

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....stic company, includes any income by way of dividends from a domestic company, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the assessee, a deduction from such income by way if dividends of an amount equal to - (a) in respect of such income by way of dividends from a company formed and registered under the Companies ....