# The Finance Act, 1964, Section 21: Amendment of section 99

- Act: The Finance Act, 1964 (Act 5 of 1964)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1964/section/21/

## Text

Amendment of section 99 21. In section 99 of. the Income-tax Act, in sub-section (1),— (i) in clause (i), for the words "super-tax has already been paid by the firm", the words "super-tax is payable by the firm" shall be substituted; (ii) for clause (iv), the following clause shall be substituted, namely:— " (iv) if the assessee is a company, any dividend received by it from an Indian company or a company which has made the prescribed arrangements for the declaration and payment of dividends (including dividends on preference [Finance Act, 1964] © Copyright. Taxmann Publications Pvt. Ltd.

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