# The Finance Act, 2018, Section 40: Amendment of section 115-O

- Act: The Finance Act, 2018 (Act 13 of 2018)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2018/section/40/

## Text

Amendment of section 115-O. 40. In section 115-O of the Income-tax Act,— (a) | in sub-section (1), the following proviso shall be inserted, namely:— 'Provided that in respect of dividend referred to in sub-clause (e) of clause (22) of section 2, this sub-section shall have effect as if for the words "fifteen per cent", the words "thirty per cent" had been substituted;'; (b) | in sub-section (1B), the following proviso shall be inserted, namely:— "Provided that this sub-section shall not apply in respect of dividend referred to in sub-clause (e) of clause (22) of section 2.".

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