Tax on distributed profits of Domestic Companies [Sec. 115-O(1)]

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....NIES * Dividend distribution tax is payable, by domestic company in addition to the Income Tax * Any amount declared, distributed or paid by way of dividends (whether interim or otherwise), whethe....

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....declaration or * distribution or * payment of any dividend whichever is earliest. Further credit of CDT paid is not available to company or shareholder. CDT is not an allowable deduction unde....