20% Cap on Interest Deduction – Net or Gross Dividend?

The Finance Act 2020 re-introduced the classical system of taxation of dividend income under the Income Tax Act, 1961 (IT Act) and accordingly, with effect from 1 April 2020, dividend income from an India company shall be taxable in the hands of the shareholder.

from taxmann.com Latest Articles https://www.taxmann.com/topstories/105010000000017880/20-cap-on-interest-deduction-–-net-or-gross-dividend.aspx
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