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Is Interim Dividend allowed as expenditure

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(Querist)
10 March 2009
Dear Sir\Madam

Pls clarify my doubt

Whether interim dividend is allowed as expenditure and can dividend distribution tax paid be allowed as deduction ?
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
10 March 2009 Interim dividend is also distributed from anticipated profits or profits realised upto a certain period. This will not be allowed as a deduction.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 March 2009 Dividend distribution tax is additional income tax,vide section 115-O(1),and hence cannot be claimed as business expenditure.
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