01-25-2010, 03:11 PM
Section 5(2) requires that
(2) The tax imposed under sub-section (1) on a person who receives a
dividend shall be computed by applying the relevant rate of tax to the <u>gross amount of the dividend.</u>.
I understand that if the tax is to be levied on gross amount of income from dividend then expenses may not be claimable or tax deducted at source may have remote chances of refund in case of tax loss to the company?
Regards,
*
(2) The tax imposed under sub-section (1) on a person who receives a
dividend shall be computed by applying the relevant rate of tax to the <u>gross amount of the dividend.</u>.
I understand that if the tax is to be levied on gross amount of income from dividend then expenses may not be claimable or tax deducted at source may have remote chances of refund in case of tax loss to the company?
Regards,
*
