115BBD Tax on Dividend from pscified Foreign companies

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....15BBD Tax on Dividend from pscified Foreign companies<br> Query (Issue) Started By: - Niranjan Bhatt Dated:- 29-12-2011 Last Reply Date:- 14-8-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>If specif....

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....ied Foreign company is not there and dividend is received from them by an Indian company , what deductions can Indian company claim u/s 56 or will be on deductions under section 115BBD Reply By ROHIT....

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.... TULSIAN: The Reply: Dear Niranjan ji The dividend in such a case will not be chargeable u/s 115BBD but will be chargeable u/s 56 as rightly mentioned by you. In this regard,deduction allowed shall....

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.... be the actual expenditure (not being capital expenditure) incurred to earn the abovementioned dividend.<br> Discussion Forum - Knowledge Sharing ....