Can we set-off Deemed dividend tax against ESC?

asked Aug 29, 2017 in Dividend Tax by anonymous

1 Answer

0 votes
answered Aug 29, 2017 by Sajith (260 points)
Yes, deemed dividend tax is part of the corporate income tax. You can set off it against ESC paid.
commented Aug 29, 2017 by anonymous
Thank you very much
commented Mar 5, 2018 by Maheshika
Is there any act or phase to prove that ?