Does the New Income Tax Bill omit deduction for inter-corporate dividends under section 80M? | Mint
Source: Live Mint The Income Tax Bill, 2025 has omitted the deduction for inter-corporate dividends for companies which opt for 22 per cent tax — permissible under the current legislation, reported Business Line. Under current law, a company can claim a deduction for dividends received from domestic or foreign companies, or from business trusts, when…
