https://www.taxtmi.com/acts?id=38807 A domestic company may deduct dividends received from another domestic company, a foreign company or a business trust to the extent such received dividends do not exceed the amount of dividend the recipient company has distributed on or before the due date; once the deduction for a distributed amount is allowed in a previous year, that amount cannot be claimed again in any other year, and "due date" means one month prior to the statutory return filing date. en-us Mon, 30 Mar 2020 16:45:09 +0530 Thu, 28 Aug 2025 13:00:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38807 A domestic company may deduct dividends received from another domestic company, a foreign company or a business trust to the extent such received dividends do not exceed the amount of dividend the recipient company has distributed on or before the due date; once the deduction for a distributed amount is allowed in a previous year, that amount cannot be claimed again in any other year, and "due date" means one month prior to the statutory return filing date. Act-Rules Income Tax Mon, 30 Mar 2020 16:45:09 +0530 https://www.taxtmi.com/acts?id=38807