M Limited a domestic company received dividend ₹12 lakh from a specified foreign company, in which it holds 33% of equity share. The dividend so received by M Limited is:
CS Executive · Tax Laws · PYQS · December 2022
M Limited a domestic company received dividend ₹12 lakh from a specified foreign company, in which it holds 33% of equity share. The dividend so received by M Limited is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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