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TypeBare Act JurisdictionCentral Government

Finance Act, 2003 Section 55

AMENDMENT OF SECTION 115-O In section 115-O of the Income tax Act,-for sub-section

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https://sooperkanoon.com/act/250417

Bare act section · Research

About this section

Finance Act, 2003 Section 55 is part of Finance Act, 2003 - AMENDMENT OF SECTION 115-O In section 115-O of the Income tax Act,-for sub-section. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1), the following sub- section shall be substituted, namely:- "(1) Notwithstanding anything contained in any other provision of this Act and subject to the provisions of this section, in addition to the income tax chargeable in respect of the total income of a domestic company for any assessment year, any amount declared, distributed or paid by such company by way of dividends (whether interim or otherwise) on or after the 1st day of April, 2003, whether out of current or accumulated profits shall be charged to additional income tax (hereafter referred to as tax on distributed profits) at the rate of twelve and one-half per cent."

Frequently asked questions

What does Finance Act, 2003 Section 55 provide?

Section Section 55 of the Finance Act, 2003 (AMENDMENT OF SECTION 115-O In section 115-O of the Income tax Act,-for sub-section) is reproduced on this page as part of the Finance Act, 2003. 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, 2003 Section 55?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2003 Section 55. 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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