Amendment in section 115BBDA :
CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | SECTION AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F |
BRIEF OF AMENDMENT |
44 | Amendment in section 115BBDA |
115BBDA (1) & 115BBDA (3) |
Amendment | 1/4/2018 | Scope of Dividend taxability is increased to horizontal equality. Initially dividend in excess of Rs. 10 lac was Taxable for Ind, HUF and Firm, Now it is taxable for all assessee other than Domestic Company, Trust / Institution u/s 12AA and certain funds u/s 10(23C). |