Dividend distribution tax u/s 115-o

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bhumika jain (Querist)
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08 January 2012 m very confused in this, plz let me know whether any relief available to an holding co u/s 115-0 to remove cascading effect ?

eg. dividend received from an subsidiary co. in financial year 2009-10 nd dividend declared by holding co. in 2010-11

whether same financial year is essential to claim relief

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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08 January 2012 Section 115-O(1A) ...

From dividend declared, distributed or paid
by the holding company the amount of dividend received from subsidiary company during the same financial year is deductible.

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bhumika jain

bhumika jain (Querist)
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11 January 2012 thanks sir

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