Amendment of section 115-O
Section 55 of the Finance Act, 2003 deals with amendment of section 115-O. Amendment of section 115-O. 55. In section 115-O of the Income-tax Act, for sub-section (1), the following sub- section shall be substituted, namely :— "(1) Notwithstanding anything contained in any other provision of this Act and subject to the provisions of this section, in addition to the income-
Amendment of section 115-O.
55. In section 115-O of the Income-tax Act, for sub-section (1), the following sub- section shall be substituted, namely :—
"(1) Notwithstanding anything contained in any other provision of this Act and subject to the provisions of this section, in addition to the income-tax chargeable in respect of the total income of a domestic company for any assessment year, any amount declared, distributed or paid by such company by way of dividends (whether interim or otherwise) on or after the 1st day of April, 2003, whether out of current or accumulated profits shall be charged to additional income-tax (hereafter referred to as tax on distributed profits) at the rate of twelve and one-half per cent.".
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Section 55, The Finance Act, 2003.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Referred to by 1
Questions about Section 55
What does Section 55 of the Finance Act deal with?
Section 55 of the Finance Act is headed "Amendment of section 115-O". Amendment of section 115-O. 55. In section 115-O of the Income-tax Act, for sub-section (1), the following sub- section shall be substituted, namely :— "(1) Notwithstanding anything contained in any other provision of this Act and subject to the provisions of this section, in addition to the income-
How do I find court cases under Section 55 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2003 55, section 55 Finance Act 2003, section 55 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 55 of the Finance Act, and has it changed?
1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 2003. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule5940 words
- 2. Income-tax2243 words
- 6. Amendment of section 101472 words
- 40. Insertion of new section 80-IC1270 words
- 99. Insertion of Thirteenth and Fourteenth Schedules1215 words
- 65. Insertion of new sections 153A, 153B and 153C977 words
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