https://www.taxtmi.com/acts?id=10877 Every domestic company is subject to a dividend distribution tax on declared dividends at the rate and in the manner specified in the Second Schedule, with liability discharged by self-assessment or other prescribed modes and collection after credit for pre-paid taxes. The taxable amount is reduced by dividends received from a subsidiary that has paid the tax, provided the recipient is not itself a subsidiary of another company, and by dividends paid to pass-thru entities or their agents. A subsidiary is defined by majority nominal equity holding. en-us Thu, 20 Aug 2009 12:45:53 +0530 Thu, 20 Aug 2009 12:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10877 Every domestic company is subject to a dividend distribution tax on declared dividends at the rate and in the manner specified in the Second Schedule, with liability discharged by self-assessment or other prescribed modes and collection after credit for pre-paid taxes. The taxable amount is reduced by dividends received from a subsidiary that has paid the tax, provided the recipient is not itself a subsidiary of another company, and by dividends paid to pass-thru entities or their agents. A subsidiary is defined by majority nominal equity holding. Act-Rules Bills Thu, 20 Aug 2009 12:45:53 +0530 https://www.taxtmi.com/acts?id=10877