Reduction in Dividend Distribution Tax [Sec. 115-O(1A)]

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....tion 115-O, if any or * any dividend from its foreign subsidiary company on which the tax is payable by holding company under section 115BBD, * then, such dividend shall be reduced from the dividend declared / paid/ distributed by the domestic holding company during the financial year. Note: Holding company should hold more than 50% of equity share capital of domestic subsidiary company and f....