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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2018 Chapters List Chapter III DIRECT TAXES - Income-tax This

Clause 39 - Omission of Explanation occurring after section 115Q. - FINANCE BILL, 2018

FINANCE BILL, 2018
Chapter III
DIRECT TAXES - Income-tax
  • Contents

39. Omission of Explanation occurring after section 115Q.

After section 115Q of the Income-tax Act, the Explanation shall be omitted.

 



 

Notes on Clauses:

Clause 39 of the Bill seeks to omit the Explanation occurring after section 115Q of the Income-tax Act.

The said Explanation clarifies that the expression "dividends" shall have the same meaning as is given in clause (22) of section 2 but shall not include sub-clause (e) thereof.

It is proposed to omit the said Explanation consequent to the amendments made to section 115-O.

This amendment will take effect from 1st April, 2018.

 
 
 
 

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