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Applicability under section 115BBDA

Applicability under section 115BBDA


If spv pays dividend of rs 50 lacs to business trust which is exempt u/s 10(34) in hands of business trust and conditions of section 115-O (7) are satisfied then DDT will not be deducted from dividend. Whether section 115BBDA will be applicable to business trust as dividend is more than 10 lacs ?

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CA Abhijeet Posted on 26,Jun,2020

No it will not be applicable.

CA Abhijeet Posted on 26,Jun,2020

Dear student,

Yes, grossing up will be done. and 115BBDA is applicable in hands of trust not in unit holders.



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