Amendment of section 115-O
Section 47 of the Finance Act, 2009 deals with amendment of section 115-O. Amendment of section 115-O. 47. In section 115-O of the Income-tax Act, for sub-section (1A), the following shall be substituted, namely:— "(1A) The amount referred to in sub-section (1) shall be reduced by,— (i) the amount of dividend, if any, received by the domestic company during the financial
Amendment of section 115-O.
47. In section 115-O of the Income-tax Act, for sub-section (1A), the following shall be substituted, namely:—
"(1A) The amount referred to in sub-section (1) shall be reduced by,—
(i) the amount of dividend, if any, received by the domestic company during the financial year, if—
(a ) such dividend is received from its subsidiary;
(b ) the subsidiary has paid tax under this section on such dividend; and
(c ) the domestic company is not a subsidiary of any other company :
Provided that the same amount of dividend shall not be taken into account for reduction more than once;
(ii) the amount of dividend, if any, paid to any person for, or on behalf of, the New Pension System Trust referred to in clause (44) of section 10.
Explanation. —For the purposes of this sub-section, a company shall be a subsidiary of another company, if such other company, holds more than half in nominal value of the equity share capital of the company."
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Section 47, The Finance Act, 2009.
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Questions about Section 47
What does Section 47 of the Finance Act deal with?
Section 47 of the Finance Act is headed "Amendment of section 115-O". Amendment of section 115-O. 47. In section 115-O of the Income-tax Act, for sub-section (1A), the following shall be substituted, namely:— "(1A) The amount referred to in sub-section (1) shall be reduced by,— (i) the amount of dividend, if any, received by the domestic company during the financial
How do I find court cases under Section 47 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 2009 47, section 47 Finance Act 2009, section 47 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 47 of the Finance Act, and has it changed?
Its own text turns on section 10 (Amendment of section 28), section 115 (Amendment of Chapter VII of Finance (No. 2) Act, 2004), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 2009. India Code records no commencement date for it. It is in force as at the date shown on this page.
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- 37. Amendment of section 80-IB761 words
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