| Income from certain dividends to include tax thereon |
| 29. The income of a person from a dividend (other than a dividend paid by virtue of section 44(3)) paid by a company liable to tax under this Actor Commonwealth income tax within the meaning of section 48(5), shall, where any such tax has been deducted therefrom, be the gross amount before making such deduction; where no such deduction has been made, the income shall be deemed to be such a gross amount as after deduction of tax at the maximum rate deductible at the date of payment would be equal to the amount received. [32/95] |
| Income from certain dividends to include tax thereon |
| 29. The income of a person from a dividend (other than a dividend paid by virtue of section 44(3)) paid by a company liable to tax under this Act shall, where any such tax has been deducted therefrom, be the gross amount before making such deduction; where no such deduction has been made, the income shall be deemed to be such a gross amount as after deduction of tax at the maximum rate deductible at the date of payment would be equal to the amount received. [Act 27/2009, wef Y/A 2010 & Sub Ys/A:2009-ACT-27] [32/95] |