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Dividend distribution tax - credit

This query is : Resolved 
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(Querist)
22 June 2013 Dear all,



My query is regarding the DDT - Credit



case is -

amalgamating company distributing dividend to amalgamated comapny who is holding of amagamating company.



since dividend is paid after appointment date of scheme but before effective date of scheme.



after the effective date, company will be one company, that means company paid dividend to itself on which it paid DDT, which is illogical, can amalgamated company claim for Credit for tax paid on didvidend.



Kindly reply



Regards

Vikash
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
22 June 2013 Credit can't be claimed by virtue of section 115O(4) of the Income tax Act,1961.
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vikash kumar singh

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vikash kumar singh (Querist)
22 June 2013 sir, even if tax is paid wrongly or case specific
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