Refund of DDT

JItendra Khalpada (Senior Manager)     11 November 2019

JItendra Khalpada
Senior Manager 
 1 points

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can the company get refund of DDT paid on dividend declared by offsetting the dividend received afterwards within same financial year ?


Sunita Manocha   12 November 2019

Sunita Manocha

 13 points

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I am not 100% certain but I don't believe there is any such provision because dividend received is taxable u/h other sources condition to exemption and DDT paid is a capital expenditure not allowed as a deduction under the income tax law.

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