https://www.taxtmi.com/manuals?id=1210 Dividend distributed by a domestic holding company is reduced by dividends received during the financial year from a domestic subsidiary that has already paid dividend distribution tax, and by dividends received from a foreign subsidiary on which tax is payable by the holding company under the foreign dividend tax provision. The reduction prevents the same dividend amount from being taxed at multiple corporate levels. Dividend paid to any person for, or on behalf of, the New Pension System Trust is also excluded from the dividend distribution tax base. en-us Wed, 23 Sep 2015 16:33:00 +0530 Wed, 17 Jun 2026 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1210 Dividend distributed by a domestic holding company is reduced by dividends received during the financial year from a domestic subsidiary that has already paid dividend distribution tax, and by dividends received from a foreign subsidiary on which tax is payable by the holding company under the foreign dividend tax provision. The reduction prevents the same dividend amount from being taxed at multiple corporate levels. Dividend paid to any person for, or on behalf of, the New Pension System Trust is also excluded from the dividend distribution tax base. Manuals Income Tax Wed, 23 Sep 2015 16:33:00 +0530 https://www.taxtmi.com/manuals?id=1210