Alpha ltd holds 60 shares in beta ltd and 20 in gama ltd, Financial Management

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Alpha ltd holds 60 shares in beta ltd and 20 in gama ltd

Alpha Ltd holds 60% shares in Beta Ltd. and 20% in Gama Ltd.

Beta Ltd. Holds 55% shares in Gama Ltd.

Gama-pays dividend to Beta and Alpha-Rs. 5.5 lakhs and Rs. 2 lakhs respectively

Beta – pays dividend to Alpha- Rs. 6 lakhs

Alpha pays dividend to its shareholders- Rs. 20 lakhs

Discuss tax ability.

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Financial Management: Alpha ltd holds 60 shares in beta ltd and 20 in gama ltd

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Financial Management: Alpha ltd holds 60 shares in beta ltd and 20 in gama ltd

Reference No:- TGS02747629

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