Does the New Income Tax Bill omit deduction for inter-corporate dividends under section 80M?
A company can claim a deduction for dividends received from domestic or foreign companies, or from business trusts, when these dividends are distributed to its shareholders, preventing cascading taxation in multitier structures.
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A company can claim a deduction for dividends received from domestic or foreign companies, or from business trusts, when these dividends are distributed to its shareholders, preventing cascading taxation in multitier structures.
