Neha Ltd. (A domestic Company) provides you the information related to A. Y. 2026-27. (1) Dividend received from Sneha Ltd. (A domestic Company) ₹ 12,20,000 (dividend collection charges paid would be ₹ 17,000 and Interes

(i) Computation of Income from other sources of Neha Ltd (Domestic company) Particulars Amount (₹) Dividend received from Sneha Ltd: 12,20,000 Less: Deduction u/s 57 in terms of interest (Note 2) a) Actual payment 3,00,000 b) 20% of Income (i.e., 20% of 12,20,000) 2,44,000 a or b whichever is lower (2,44,000) Dividend Income received 9,76,000 Income from Mutual Fund 2,50,000 Less; Deduction u/s 57 in terms of interest a) Actual payment 16,000 b) 20% of Income (i.e., 20% of 2,50,000) 50,000 a or b whichever is lower (16,000) Mutual fund Income Received 2,34,000 Income from other sources 12,10,000 (ii) Computation of Deduction u/s 80M Particulars Amount (₹) Due date of Filing of Return 30.10.2026 a) Amount of dividend received from domestic companies 9,76,000 b) Amount of dividend distributed 1 month prior to the due date of filing return (i.e., 30.09.2026) 1,25,000 Amount of Deduction u/s 80M = a or b whichever is lower 1,25,000 Note: Dividend collection charges and other charges are not allowed as a deduction. It is assumed that the interest is paid for borrowed money for investment in Sneha Ltd.