115BBD Tax on Dividend from pscified Foreign companies , Income Tax

[Niranjan Bhatt]

If specified Foreign company is not  there  and dividend is received from them by an Indian company , what deductions can Indian company claim u/s 56 or will be on deductions under section 115BBD

Posts / Replies

[ROHIT TULSIAN]

Dear Niranjan ji

The dividend in such a case will not be chargeable u/s 115BBD but will be chargeable u/s 56 as rightly mentioned by you.

In this regard,deduction allowed shall be the actual expenditure (not being capital expenditure) incurred to earn the abovementioned dividend.