Deduction under section 80M

Ritik Chopra (student) (8123 Points)

05 May 2021  

PQR Ltd., a domestic company, has distributed on 15.10.2020, dividend of ` 230 lakh to its shareholders. On 17.9.2020, PQR Ltd. has received dividend of ` 60 lakh from its domestic subsidiary company XYZ Ltd. What would be  deduction under section 80M allowable to PQR Ltd?