Amendment of section 99

Section 21 of the Finance Act, 1964 deals with amendment of section 99. Amendment of section 99 21. In section 99 of.

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]

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Section 21, The Finance Act, 1964 (Act 5 of 1964).