Reduction in Dividend Distribution Tax [Sec. 115-O(1A)]

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..... payable under section 115-O , if any or any dividend from its foreign subsidiary company on which the tax is payable by holding company under section 115BBD , then, such dividend shall be reduced from the dividend declared / paid/ distributed by the domestic holding company during the financial year. Note: Holding company should hold more than 50% of equity share capital of dom .....

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