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?
Menu
Deduction under section 80M
Replies (1)
The deduction available to domestic companies can be summarised as follows:
1)Amount of dividend received from domestic companies; or,
2)Amount of dividend distributed one month prior to the due date of filing return;
….whichever is lesser.
Deduction u/s 80M will be 60 lakhs rupees
1)Amount of dividend received from domestic companies; or,
2)Amount of dividend distributed one month prior to the due date of filing return;
….whichever is lesser.
Deduction u/s 80M will be 60 lakhs rupees
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
