| 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] |