For Corporate Assessee ( A Pvt Ltd Company - Trading Business ) Dividends paid is allowabale expenditure or not while calculating total income. (Dividend Distribution Tax already paid) .
any case laws for this..................
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Dividend Paid
Replies (2)
Dividend paid is not allowable as it is distributed out of the profit after tax. Under Income TAx Law, there is a 15% additional tax on "distributed profits" (Dividends).
Yes, Ramanju is correct
for more information on income tax (online tax filing, calculation) you can visit https://www.payit.in
Regards
Md.Saleemoddin
www.mimir.in
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