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Section 80 - Amendment of section 195 - Finance Act, 2003Extract 80. Amendment of section 195.- In section 195 of the Income-tax Act,- (a) in sub-section (1),- (i) the brackets and words (not being interest on securities) shall be omitted with effect from the 1st day of June, 2003; (ii) after the proviso and before the Explanation, the following proviso shall be inserted, namely:- Provided further that no such deduction shall be made in respect of any dividends referred to in section 115-O. ; (b) in sub-section (2), for the brackets and words (other than interest on securities and salary) , the brackets and words (other than salary) shall be substituted with effect from the 1st day of June, 2003.
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