Deduction prohibition: no deduction under section 196D for dividends under the dividend distribution tax regime clarifying tax treatment. An amendment inserts a proviso in section 196D(1) providing that no deduction shall be made in respect of dividends that fall within the Dividend ... Summary
Deduction prohibition: no deduction under section 196D for dividends under the dividend distribution tax regime clarifying tax treatment.
An amendment inserts a proviso in section 196D(1) providing that no deduction shall be made in respect of dividends that fall within the Dividend Distribution Tax regime, thereby excluding such dividends from the deduction mechanism under section 196D(1).
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