DLF Limited, an Indian domestic company received an amount of ₹15 lakh as dividend declared and distributed on 18.11.2019 by John Miller Inc of UK in which it holds 30% in nominal value of equity share capital. Indian co
CS Executive · Tax Laws · PYQS · December 2020
DLF Limited, an Indian domestic company received an amount of ₹15 lakh as dividend declared and distributed on 18.11.2019 by John Miller Inc of UK in which it holds 30% in nominal value of equity share capital. Indian company has paid interest of ₹5 lakh on the amount invested in the shares of John Miller Inc. The tax payable (rounded off in nearby two decimal points) on the amount of dividend received by the Indian company in assessment year 2020-21 shall be
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Assessment of Companies
Related Questions in this Topic
- ABC Ltd, a domestic company purchased on 14th October, 2019 its own unlisted shares. The consideration for the buyback o...
- BBG Pvt. Ltd is a domestic company engaged in the business of running and maintaining of hotels in India had total turno...
- In case of supply of goods for ₹ 5,00,000, following information is provided : Advance received on 1st April, Invoice is...
- Mr. R, a jeweller registered under GST in Mumbai, wants to sell his jewellery in a Trade Expo held in Delhi. Which of th...
- Alcoholic liquor for human consumption is subjected to :