https://www.taxtmi.com/caselaws?id=11601 Deduction under section 80M is computed on net dividend after deducting actual expenditure incurred to earn that income, not on gross dividend. The special deduction provision operates as a separate code, so the estimated proportionality rule used for interest on securities under section 20 cannot be imported into section 80M computation. The analysis distinguishes actual expenditure from estimated allocation and confines the deduction to the dividend actually available after relevant costs. en-us Thu, 17 Apr 2003 00:00:00 +0530 Sun, 28 Dec 2025 23:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11601 Deduction under section 80M is computed on net dividend after deducting actual expenditure incurred to earn that income, not on gross dividend. The special deduction provision operates as a separate code, so the estimated proportionality rule used for interest on securities under section 20 cannot be imported into section 80M computation. The analysis distinguishes actual expenditure from estimated allocation and confines the deduction to the dividend actually available after relevant costs. Case-Laws Income Tax Thu, 17 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11601