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Tax treatment on corporate divident tax

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02 August 2013 Pls suggest whether provision for CDT is allowable in PGBP
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
02 August 2013 Dividend is paid out of profits as application of the profits. So tax paid there on is not allowable. Generally, any tax paid to Income-Tax department, by whatever name called is not allowable as deduction from the profits.
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