20 November 2011
If holding co. Received a dividend from subsidery co and distribute same to its own shareholder as dividend then whether. Holding co. Require to pay dividend. Tax on the distributed dividend or not . Note - subsidery co already pay CDT on the same
20 November 2011
DOMESTIC COMPANY(holding company) is required to pay CDT on dividend distributed .Such amount(dividend) will be reduced by the amount of dividend if any received by the domestic company if 1.such dividend is received from its subsidiary 2. the subsidiary has paid CDT on it 3.the domestic company is not a subsidiary of any other company.
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