Amendment of section 234C.

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..... e numbered as Explanation 1 thereof and after Explanation 1 as so numbered, the following Explanation shall be inserted, namely: Explanation 2. For the purposes of this sub-section, the term dividend shall have the meaning assigned to it in clause (22) of section 2, but shall not include sub-clause (e) thereof. . - Clause 53 of the Bill seeks to amend section 234C of the In .....

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..... proposed to insert Explanation 2 in the said sub-section to define the term dividend . These amendments will take effect from lst April, 2021 and will, accordingly, apply in relation to the assessment year 2021-2022 and subsequent assessment years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxm .....

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