Expenditure disallowed on dividend income subject to dividend distribution tax -Sec 14A

By | May 20, 2017
(Last Updated On: May 20, 2017)

Expenditure disallowed, dividend income subject to dividend distribution tax

The Supreme Court of India agreed to the disallowance of an expenditure under Section 14A of the Income-tax Act, 1961 with respect to dividend income that is subject to the dividend distribution tax. The case is: Godrej & Boyce Manufacturing Company Limited. Read a May 2017 report [PDF 454 KB] of KPMG

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