Amendment of Act 63 of 1960

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..... ny referred to in sub-clause (ii) of clause (5A)", the following shall be substituted, namely :- "clause (26) of section 2 of the Income-tax Act, 1961 (43 of 1961), and includes a company referred to in sub-clause (ii) of clause (17)"; (b) in clause (c), the words, figures and letters "having been issued and subscribed for before the 1st day of April, 1960" shall be om .....

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..... " shall be inserted; (d) in sub-section (6), - (i) after the words "in this section", the words, figure and letter "and section 4A" shall be inserted; (ii) for the words, brackets, figures and letter "sub-section (3D) of section 18 of the Indian Income-tax Act, 1922 (11 of 1922)", the words and figures "section 194 of the Income-tax Act, 1961 (43 of 19 .....

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..... be subject to income-tax and a deduction is made therefrom on account of the income-tax payable by the company, or (b) is being paid subject to a deduction therefrom on account of the income-tax payable by the company, notwithstanding the absence of any specification that the dividend would be subject to income-tax, such deduction shall in no case exceed twenty-five per cent. of the stipulate .....

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