Amendment of section 115-O :
Section – 40. In section 115-O of the Income-tax Act,—
| (a) | in sub-section (1), the following proviso shall be inserted, namely:— | |
| ‘Provided that in respect of dividend referred to in sub-clause (e) of clause (22) of section 2, this sub-section shall have effect as if for the words “fifteen per cent”, the words “thirty per cent” had been substituted;’; | ||
| (b) | in sub-section (1B), the following proviso shall be inserted, namely:— | |
| “Provided that this sub-section shall not apply in respect of dividend referred to in sub-clause (e) of clause (22) of section 2.”. |