Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

Deduction u/s 80M

imam sadique (D113 shaheen bagh.jamia nagar .Delhi) (29 Points)

09 February 2023

Can we claim deduction u/s 80M when we received equity dividend and paid preference dividend in due course..?

Reply
Follow
Share

1 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14870 Points)
Replied 09 February 2023

Preference Dividend should be distributed before the the due date means, before one month of filling return of Income under section 139(1) of the income tax Act not in due course. , If you want to claim deduction under section 80M of the income tax Act.