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dividend received from subsidiary

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(Querist)
26 January 2010 We received a dividend from our subsidiary, i want to know what will be accounting treatment of the dividend received from subsidiary
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SUBRAMONY V

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SUBRAMONY V (Expert)
27 January 2010 You had received dividend from your subsidiary. so its exempted on your hands. The company (subsidiary co) which is declaring dividend has to pay dividend distribution tax.

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