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Home Acts & Rules Bill Bills FINANCE BILL, 2020 Chapters List Chapter III DIRECT TAXES - Income-tax This
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Clause 85 - Amendment of section 195. - FINANCE BILL, 2020

Chapter III
DIRECT TAXES - Income-tax
  • Contents
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Amendment of section 195.

85. In section 195 of the Income-tax Act, in sub-section (1), the second proviso shall be omitted.



Notes on Clauses:

Clause 85 of the Bill seeks to amend section 195 of the Income-tax Act relating to other sums.

The second proviso of sub-section (2) of the said section provides that no deduction under that section shall be made in respect of any dividends referred to in section 115-O.

It is proposed to consequentially omit the said proviso.

This amendment will take effect from 1st April, 2020.

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