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