Refund of DDT
JItendra Khalpada (Senior Manager) 11 November 2019
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
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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