# The Finance Act, 2013, Section 30: Amendment of section 115-O

- Act: The Finance Act, 2013
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2013/section/30/

## 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.

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