taxation of dividend received by the company

[Sayub]

Thanks so much student of law. <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by student_of_law</i>
<br />[quote]<i>Originally posted by Sayub</i>
<br />i find it hard to understand what sec 4(5) says. 'income under sec 5 shall not be included in the computation of taxable income in accordance with sec 8 or 169 as the case may be.' if sec 8 is for computation of taxable income under sec 5 then why the words 'shall not' are used in sec 4(5)? [quote]

Rephrase s.4(5), as follows

In accordance with s.8 & 169, income u/s sec 5 shall not be included in the computation of taxable income

Further rephrase it as

According to s.8 & 169, income u/s sec 5 shall not be included in the computation of taxable income

I think you would have understood it now.
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