115BBD Tax on Dividend from pscified Foreign companies

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..... 115BBD Tax on Dividend from pscified Foreign companies
Query (Issue) Started By: - Niranjan Bhatt Dated:- 29-12-2011 Last Reply Date:- 14-8-2012 Income Tax
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Income Tax
If speci .....

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..... fied 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 Reply By ROHI .....

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..... T TULSIAN: The Reply: 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 shal .....

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..... l be the actual expenditure (not being capital expenditure) incurred to earn the abovementioned dividend.
Discussion Forum - Knowledge Sharing .....

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