Deduction in respect of certain Inter Corporate Dividend - Section 80M

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....d - Section 80M * Eligible Assessee: The provision applies exclusively to a "domestic company,". * Eligible Income: The deduction is available for "income by way of dividends" received from: * A....

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....the company on or before the "due date." This ensures that only the portion of dividend income which is actually passed on to shareholders is eligible for deduction, thereby preventing abuse of the ....