Amendment of section 115-O

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..... al year, if such dividend is received from its subsidiary and, (a) where such subsidiary is a domestic company, the subsidiary has paid the tax which is payable under this section on such dividend; or (b) where such subsidiary is a foreign company, the tax is payable by the domestic company under section 115BBD on such dividend: Provided that the same amount of dividend shall not be taken into acc .....

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..... ividend from any of its subsidiary during the financial year and where such subsidiary - (a) is a domestic company, the subsidiary has paid tax, if any payable, on such dividend; or (b) is a foreign company, the tax is payable by the domestic company under section 115BBD, on such dividend, the dividend received from such subsidiary during the financial year shall be reduced. It is further proposed .....

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