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Set-off will be available if King Ltd. is subsidiary of Radha Ltd, and Radha Ltd. is paying tax on 100 lac of dividend u/s 115BBD.
DDT payable:
(200 - 100) lac = 100 lac.
Gross dividend: 100 / (100-15)% = 117.65 lac.
DDT: 17.65 + surcharge + cess.
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