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Dividend Paid

Tax queries 619 views 2 replies

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..................

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


CCI Pro

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