1 For the purposes of inclusion in the total income of an assessee,- (a) any dividend declared by a company or distributed or paid by it within the meaning of sub-clause (a) or sub-clause (b) or sub-clause (c) or sub-clause (d) or sub-clause (e) of clause (22) of section 2 shall be deemed to be the income of the previous year in which it is so declared, distributed or paid, as the case may be;
2 (b) any interim dividend shall be deemed to be the income of the previous
year in which the amount of such dividend is unconditionally made available by
the company to the member who is entitled to it..
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1. Subs. by Act 10 of 1965, s. 5, for "For the purposes of inclusion in the total income of an assessee, any dividend" (w.e.f. 1-4-1965).
2. Ins. by s. 5,
ibid. (w.e.f. 1-4-1965).
Section 3 Previous year defined
Section 4 Charge of income-tax
Section 5 Scope of total income
Section 5A Apportionment of income between spouses governed by Portuguese Civil Code
Section 7 Income deemed to be received
Section 9 Income deemed to accrue or arise in India
Section 9A Certain activities not to constitute business connection in India