Saturday, December 22, 2018

No denial of exemption just because payer-co. didn't pay DDT on distribution of dividends

IT: Even if payer company had not paid tax on dividend distribution under section 115-O, exemption would be allowed to receiver in terms of section 10(34)

from www.taxmann.com Latest Case Laws http://bit.ly/2EJ7O5Z

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...