Income Tax Act (Cap. 123), article 31

31. The income of a person arising from a dividend paid by a company liable to tax under this Act shall, where 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 the said dividend has been paid, have been charged with such taxes. Taxation of rental income received from the Housing Authority. Added by: IV. 2007.13.