Tag Archives: Dividend income

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

By | 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… Read More »

Dividend income from Malaysia Company is exempt in India as per India-Malaysia DTAA

By | May 1, 2017

SUPREME COURT OF INDIA Deputy Commissioner of Income-tax, Indore v. Tripti Trading & Investment Ltd. R.K. AGRAWAL AND ABHAY MANOHAR SAPRE, JJ. CIVIL APPEAL NO. 1521 OF 2007 MARCH  9, 2017 Yashank P. Adhiyaru, Sr. Adv., Ms. Swarupama Chaturvedi, Ms. Sadhana Sandhu and Mrs. Anil Katiyar, Advs. for the Appellant. Syed Shahid Hussain Rizvi and… Read More »