Section 50 - Amendment of section 115A - Finance Act, 2003

50. Amendment of section 115A.- In section 115A of the Income-tax Act, in sub-section (1) , with effect from the 1st day of April, 2004,- (i) in clause (a) , for the word "dividends", at both the places where it occurs, the words, figures and letter "dividends other than dividends referred to in section 115-O" shall be substituted; (ii) in clause (b) , in the opening portion, for the words "a foreign company, includes any income by way of royalty or fees for technical services", the words, brackets, figures and letters a non-resident (not being a company) or a foreign company, includes any income by way of royalty or fees for technical services other than income referred to in sub-section (1) of section 44DA" shall be substituted.