Why section 80

Brand Solutions. Video series featuring innovators. ET Financial Inclusion Summit. Malaria Mukt Bharat. Wealth Wise Series How they can help in wealth creation. Honouring Exemplary Boards. Deep Dive Into Cryptocurrency. ET Markets Conclave — Cryptocurrency. Reshape Tomorrow Tomorrow is different. Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. Case B. From the table given below in all the scenarios, where the dividend is distributed by an indian company then there is clearly double taxation since 80M deduction was not proposed for Foreign Company.

This may be the possible reason of difference between provisions of section 80M as proposed by Finance Bill, as against the Provisions as per Finance Act, D Special Observation up to Assessment Year It means in those Cases No double taxation was there. Assumptions with respect to Tax Rates of shareholders of Domestic Company.

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User Menu. Income Tax Articles. Section 80M- Deduction — Inter-corporate dividends. The opening words of Proposed Section 80M was as under: Where the gross total income of a domestic company in any previous year includes any income by way of dividends from any other domestic company, there shall, in accordance with and subject to the provisions of this section, be allowed in computing the total income of such domestic company, a deduction of an amount equal to …………………………….

However, in the Finance Act, the opening words are as under; Where the gross total income of a domestic company in any previous year includes any income by way of dividends from any other domestic company or a foreign company or a business trust, there shall, in accordance with and subject to the provisions of this section, be allowed in computing the total income of such domestic company, a deduction of an amount equal to …………………………………………………….

Section O was only applicable in case of dividend paid by domestic company. Hence such dividend is taxable in the hands of shareholders.

Still the Dividend Income was exempted in the hands of shareholders us 10 Since Section 10 34 Contemplates that Dividend referred to in Section O was exempted in the hands of shareholders.

Section 80 will not be required if the demolition is because of a demolition order. Demolition Notice? How long does it take for a Section 80 Demolition Notice? The Counter Notice may need you to: Prop up any building next to the property marked for demolition.

Weatherproofing any surfaces exposed to the adjacent building caused by the demolition. Reinsate any damage that has been caused to an adjacent building by the demolition works. You may also like Tax Ready Reckoner for the A.