Deduction of Chapter VI A

Yes you can avail deduction under Chapter VI A, ad it's considered your income in excess of 10lacs and added to your taxable income. also the said section does not mention anywhere that deduction wud not be allowed under Chapter VI A

115BBDA -

Notwithstanding anything contained in this Act, where the total income of [a specified assessee], resident in India, includes any income in aggregate exceeding ten lakh rupees, by way of dividends declared, distributed or paid by a domestic company or companies, the income-tax payable shall be the aggregate of—

(a) the amount of income-tax calculated on the income by way of such dividends in aggregate exceeding ten lakh rupees, at the rate of ten per cent; and

(b) the amount of income-tax with which the assessee would have been chargeable had the total income of the assessee been reduced by the amount of income by way of dividends.

(2) No deduction in respect of any expenditure or allowance or set off of loss shall be allowed to the assessee under any provision of this Act in computing the income by way of dividends referred to in clause (a) of sub-section (1).

So as per section 115BBDA, no deduction under chapter VIA is available.

@ mundhra there is no supporting
the section provides the details.

@ Abhay Mundra,

Refer to my earlier reply. It's duly supported.

Section 115BBDA - Starts with-- first line
'"
Notwithstanding anything contained in this Act...'. What does this mean - That means no other Income Tax Sections are applicable

Secondly further clarified in clause( 2 ) of 115BBDA that .....

"" No deduction in respect of any expenditure or allowance or set off of loss shall be allowed to the assessee under any provision of this Act in computing the income by way of dividends ...."

Full text of section is already posted above

So as per section 115BBDA , no deduction under chapter VIA is available.

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Response to Sanyasachi,

What a shameful reply ? Are you replying to create Chaos amongst Forum users ? You must own your post and stick to it or apologize.
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Response to sanyasini kapadia
Are u head of Icai?
you hv also created lot of mistakes first apologize.
Shameless person.
Sec 194 B provision was wrongly explained.
first apologize.

Response to Sanyasachi

super bluff
Have guts to own your post and if not then apologize and regret
be ashamed of
this is not a dumping ground. spoiling whole threads.
you have a habit of telling others 'you are wrong' who you are to say so ?? see your own stuff first.

what 194B ?? Nonsense
check it - it's 194IB (use Magnifying Glass )
have courage to apologize now
Only making ruckus ???
If you have guts I challenge you to stick to your sick comments and show on forum - lot of mistakes by me .. shame on you..
Don't waste time , Today also your two posts - bluff reply (query ignored) 😇😇😇