Deduction on expenditure incurred to earn dividends
This query is : Resolved
05 March 2013
Can expenditure incurred to earn dividends from both domestic and foreign companies can be claimed as a deduction, while computing the income from dividends, if it is not exempt u/s 10(34) of IT Act, 1961?
Guest
Guest
(Expert)
06 March 2013
yes,
if dividend is not exempt then u can get deduction of expenses which have been incurred for the purpose of earning of dividend.
if dividend is not exempt then u can get deduction of expenses which have been incurred for the purpose of earning of dividend.
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