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 Threads
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- Heard & Seen Around – Your Daily Economi
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
Related Threads
CAclubindia
