In Section 115-O(1), dividend received from the subsidiary should be deducted from dividend declared, distributed or paid by a company.Now my queries are:
1. What should be the Assessment Year for the purpose of Dividend distribution Tax Challan., if dividend has been declared after year end; say March'2010?
2. If subsidiary has distributed dividend during the Financial year 2009-10, and holding company has declared dividend in Financial Year 2010-11 for the year 2009-10, can deduction still be claimed u/s 115-O(1) for the dividend distributed by subsidiary out of dividend declared for the purpose of Dividend distribution Tax?
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