Is Interim Dividend allowed as expenditure
This query is : Resolved
10 March 2009
Dear Sir\Madam
Pls clarify my doubt
Whether interim dividend is allowed as expenditure and can dividend distribution tax paid be allowed as deduction ?
Dear Sir\Madam
Pls clarify my doubt
Whether interim dividend is allowed as expenditure and can dividend distribution tax paid be allowed as deduction ?
10 March 2009
Interim dividend is also distributed from anticipated profits or profits realised upto a certain period. This will not be allowed as a deduction.
10 March 2009
Dividend distribution tax is additional income tax,vide section 115-O(1),and hence cannot be claimed as business expenditure.
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