Instructions for deduction of tax at source from dividends during financial year 1974-75 at the rates specified in Part II of First Schedule to Finance Act, 1974

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..... rst Schedule to Finance Act, 1974 Under section 194, the principal officer of an Indian company or a company which has made the prescribed arrangements for the declaration and payment of dividends (including dividends on preference shares) within India is required before making any payment in cash or before issuing any cheque or warrant in respect of any dividends or before making any distribut .....

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..... Act, 1974, if such income had been the total income, whichever is higher. II. In the case of a company— ( a ) where the company is a domestic company 22 per cent 1 per cent; ( b ) where the company is not a domestic company 24.5 per cent 1.225 per cent. Circular : No. 139 [ F. No. 275/51/74-ITJ ], dated 21-6-1974 . - Cir .....

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