sec 80P of the income tax
This query is : Resolved
eswar.n.makam
(Querist)
30 October 2009
can a co-operative claim the dividend paid to its members as business expenditure because if it had not issued the shares then it would have borrowed funds and invested and also dividend from co-operative is not exempt in the hands of members. ( thus there is double taxation). If it is only appropriation of profit then it should have been exempt in hands of share holders.
Kapil Arora
(Expert)
30 October 2009
this is appropration of profit,,,,
eswar.n.makam
(Querist)
11 December 2009
not yet resolved
Dhirajlal Rambhia
(Expert)
03 July 2023
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