Whether, in the case of company where part of dividend is utilised for setting-off loss under any other head, deduction under the section is to be allowed on reduced dividend remaining after such set-off
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Inter corporate dividend deduction calculated on gross dividend despite set off, limited by the overall deduction ceiling provision. Deduction for inter corporate dividends is to be computed on the full dividend amount received because dividends form part of gross total income and are ... Summary
Inter corporate dividend deduction calculated on gross dividend despite set off, limited by the overall deduction ceiling provision.
Deduction for inter corporate dividends is to be computed on the full dividend amount received because dividends form part of gross total income and are not excluded by subsequent set off; however, the resulting deduction is subject to the overall statutory limit on deductions from total income.
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