IndigoLearn

Ifos

1.Can u explain 3rd point under deductions not allowed. (image is attached) 2. what do u mean by dividend other than those mentioned u/s115O.

Attachments

IMG_20210110_140633.jpg


Shru Kanda

Shru Kanda

CA Inter

520

10-Jan-21 14:10

4

Answers (5)

If tax is not deducted then it is not allowed as deduction - similar to the provisions of disallowance under PGBP. Section 115-O is not applicable from AY2021-22


Suraj Lakhotia

Suraj Lakhotia

Admin

11-Jan-21 09:15

If tax is not deducted then it is not allowed as deduction - similar to the provisions of disallowance under PGBP. Section 115-O is not applicable from AY2021-22

Ok sir.. 2. Bt im asking fr jan 21 attempt so plz explain.. And also explain wt do u mean by not applicable fr ay20-21.. Does it mean tax rates changed or the domestic co. Will not pay tax and recipient sd pay


Shru Kanda

Shru Kanda

CA Inter

520

11-Jan-21 09:49

Ok sir.. 2. Bt im asking fr jan 21 attempt so plz explain.. And also explain wt do u mean by not applicable fr ay20-21.. Does it mean tax rates changed or the domestic co. Will not pay tax and recipient sd pay

115-O - tax will be paid by company on distribution of dividend. This section is not applicable form AY21-22 i.e., shareholders will pay tax on income.


Suraj Lakhotia

Suraj Lakhotia

Admin

11-Jan-21 10:46

Now fr jan 21 exams will 115 o applicable or no sir

Applicable


Suraj Lakhotia

Suraj Lakhotia

Admin

12-Jan-21 10:25