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Tax on certain dividends received from domestic companies.

Section 115BBDA - Act - DETERMINATION OF TAX IN CERTAIN SPECIAL CASES - Income Tax - Section 115BBDA - 1[ 115BBDA. (1) Notwithstanding anything contained in this Act, where the total income of 2[a specified assessee ] resident in India, includes any income in aggregate exceeding ten lakh rupees, by way of dividends declared, distributed or paid by a domestic company or companies, the income-tax payable shall be the aggregate of - (a) the amount of income-tax calculated on the income by way of su .....

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planation.-For the purposes of this section,- (a) dividend shall have the meaning assigned to it in clause (22) of section 2 but shall not include sub-clause (e) thereof; (b) specified assessee means a person other than,- (i) a domestic company; or (ii) a fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10; .....

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