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Commerce · Q778

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 778

Q778

Which of the following statements are true in context of 'dividend received from an Indian company'?

A.
This dividend was exempt until 31st March 2020 (Financial Year 2019-20). That was because the company declaring such dividend already paid dividend distribution tax (DDT)before making payment
B.
The Finance Act, 2020 changed the method of dividend taxation
C.
Both A and B
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
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