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..................
Menu
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).
Recent Threads
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
Related Threads
CAclubindia
