Finance Act, 1973
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Amendment of section 357 of Income Tax Act, 1967. |
13.— Section 357 (3) of the Income Tax Act, 1967 , shall have effect in relation to any dividend paid on or after the 6th day of April, 1973, as if “controls, directly or indirectly, not less than ten per cent. of the voting power in” were substituted for “beneficially owns, directly or indirectly, not less than three-quarters of the ordinary share capital of”. |