https://www.taxtmi.com/article/detailed?id=116 Dividend taxed at distribution through collection mechanisms such as dividend distribution tax and equivalent provisions is treated as income that has suffered final tax; the exclusion of such dividend from a recipient's computation is a collection mechanism feature and not a substantive exemption. Consequently, denial of deductions for expenditure "in relation to income which does not form part of total income" should be restricted to incomes not taxable under the Act in any manner, and ordinary investment or trading expenses should not be disallowed where taxable gains arise by other modes or when the distribution stage tax applies. en-us Tue, 15 Jul 2008 00:00:00 +0530 Fri, 06 Mar 2009 18:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=116 Dividend taxed at distribution through collection mechanisms such as dividend distribution tax and equivalent provisions is treated as income that has suffered final tax; the exclusion of such dividend from a recipient's computation is a collection mechanism feature and not a substantive exemption. Consequently, denial of deductions for expenditure "in relation to income which does not form part of total income" should be restricted to incomes not taxable under the Act in any manner, and ordinary investment or trading expenses should not be disallowed where taxable gains arise by other modes or when the distribution stage tax applies. Articles Income Tax Tue, 15 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=116