{"act":{"id":"finance-act-2013","short_title":"The Finance Act, 2013","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2013-2014.","act_number":null,"act_year":2013,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":142,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2013/"},"unit":"section","section":{"number":"30","heading":"Amendment of section 115-O","text":"Amendment of section 115-O. 30. In section 115-O of the Income-tax Act, in sub-section (1A), for clause (i), the following clause shall be substituted with effect from the 1st day of June, 2013, namely:— \"(i) | the amount of dividend, if any, received by the domestic company during the financial year, if such dividend is received from its subsidiary and,— (a) | where such subsidiary is a domestic company, the subsidiary has paid the tax which is payable under this section on such dividend; or (b) | where such subsidiary is a foreign company, the tax is payable by the domestic company under section 115BBD on such dividend: Provided that the same amount of dividend shall not be taken into account for reduction more than once;\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b> Amendment of section 115-O.</b></p><p><b> 30.</b> In section 115-O of the Income-tax Act, in sub-section (1A)<i>, </i>for clause (<i>i</i>), the following clause shall be substituted with effect from the 1st day of June, 2013, namely:—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>\"(<i>i</i>)</td><td></td><td>the amount of dividend, if any, received by the domestic company during the financial year, if such dividend is received from its subsidiary and,—</td></tr></table></div><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>where such subsidiary is a domestic company, the subsidiary has paid the tax which is payable under this section on such dividend; or</td></tr><tr><td>(<i>b</i>)</td><td></td><td>where such subsidiary is a foreign company, the tax is payable by the domestic company under section 115BBD on such dividend:</td></tr><tr><td></td><td></td><td><b>Provided</b> that the same amount of dividend shall not be taken into account for reduction more than once;\".</td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":132,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2013/section/30/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}