Rationalisation of MAT Provision

Suyash Tripathi , Last updated: 07 May 2021  
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It is pertinent to note that the Finance Act, 2020 has abolished the dividend distribution tax (DDT) with effect from Assessment Year 2021-22. Therefore, the dividend declared, distributed or paid on or after 01-04-2020 is now taxable in the hands of the shareholder. Thus, if a foreign company recei

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