Section 24
Income from certain dividends to include tax thereon
ActIn forceProvision 36 of 140
Section 24
The income of a person from a dividend 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 arising shall be the amount of the dividend increased by an amount on account of such taxes corresponding to the extent to which the profits out of which that dividend has been paid have been charged with such taxes.