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deduction of exp

21 May 2018

amount paid to recover the dividend distributed by the domestic company in which the DDT has been paid by the co u/s 115-0 ..???

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3 Replies

Prajjwal Kaushik (Finance Professional) (6216 Points)
Replied 22 May 2018

No the same will not be allowed to be deducted as the divided received from a domestic company is exempt u/s 10(34).

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Gaurav Bari (8 Points)
Replied 22 May 2018

for eg
Mr A rec dividend of RS 1250000 and paid 12500 as commission to recover such amount .
Will the deduction be available for the amount oF RS 12500..?

Martena Alford (Ut ut accusamus aperiam dolores dolor proident non minus ut ad consequatur aliqua) (22 Points)
Replied 21 August 2018

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