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TypeBare Act JurisdictionCentral Government

Finance Act, 2002 Section 36

INSERTION OF NEW SECTION 80-M -AfterSection 80-L of the Income Tax Act-, the following section shall be inserted with

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https://sooperkanoon.com/act/250234

Bare act section · Research

About this section

Finance Act, 2002 Section 36 is part of Finance Act, 2002 - INSERTION OF NEW SECTION 80-M -AfterSection 80-L of the Income Tax Act-, the following section shall be inserted with. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1) Where the gross total income of a domestic company, in any previous year, includes any income by way of dividends from another domestic company, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of such domestic company, a deduction of an amount equal to so much of the amount of income by way of dividends from another domestic company as does not exceed the amount of dividend distributed by the first-mentioned domestic company on or before the due date.

(2) Where any deduction, in respect of the amount of dividend distributed by the domestic company, has been allowed under sub-section (1) in any previous year, no deduction shall be allowed in respect of such amount in any other previous year.

Explanation.-For the purposes of this section, the expression "due date" means the date for furnishing the return of income under sub-section (1) ofSection 139-.'.

Frequently asked questions

What does Finance Act, 2002 Section 36 provide?

Section Section 36 of the Finance Act, 2002 (INSERTION OF NEW SECTION 80-M -AfterSection 80-L of the Income Tax Act-, the following section shall be inserted with) is reproduced on this page as part of the Finance Act, 2002. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 2002 Section 36?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2002 Section 36. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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