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

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 https://www.taxtmi.com/circulars?id=4463 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. en-us Thu, 15 Apr 1971 00:00:00 +0530 Sat, 09 Aug 2008 12:20:00 +0530 TaxTMI RSS Generator 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 https://www.taxtmi.com/circulars?id=4463 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. Circulars Income Tax Thu, 15 Apr 1971 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4463