Amendment of second Schedule to Act 28 of 2005.

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..... ll be omitted with effect from the 1st day of June, 2011. Declaration under the Provisional Collection of Taxes Act, 1931 It is hereby declared that it is expedient in the public interest that the provisions of clauses 57(a)(i), 57(b) and 70(a)(,) of this Bill shall have immediate effect under the Provisional Collection of Taxes Act, 1931. .....

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..... that the dividend referred to in section 115-O of the Income-tax Act shall not be included in the total income of the assessee, being a Developer or entrepreneur. It is proposed to omit the aforesaid clause (C). This amendment will take effect from 1st June, 2011. The existing provisions contained in paragraph (i) of the aforesaid Second Schedule provide that notwithstanding anything contai .....

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