SUPPOSE THAT THE DIVIDEND FROM THE LISTED EQUITY SHARES IS THE ONLY INCOME IN X LTD AND BEING AN INDIAN COMPANY IT IS EXEMPTED FROM TAX U/ S 10(34).
AND NOW , IS DIVIDEND DISTRIBUTION TAX IS PAYABLE ON THE DIVIDEND DECLEARED TO EQUITY SHARE HOLDERS OF X LTD OUT OF DIVIDEND INCOME OF THE X LTD FROM LISTED EQUITY SHARES?
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