close x
Home > Experts > Income Tax > Dividend distribution tax

Please Wait ..

to your account


Remember Me | Forgot your password?


Sign-up now

Join and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.

Alternatively, you can log in using:

Dividend distribution tax (Income Tax)

Report Abuse
This query is : Resolved

( Querist )
08 April 2013

Dear All,

One Pvt. Ltd. Company has declared final dividend for the financial year 2012-13 in the Board Meeting held on 5-04-2013 i.e. in the year 2013-14. My question is what rate of DDT is applicable to company( rate applicable for the year 2012-13 or 2013-14).




( Expert )
09 April 2013

The Domestic Companies are requirec to pay the Dividend Distribution Tax u/s 115 - O on the amount of dividend declared, distributed or paid by it.

The tax on distributed profit shall be paid within 14 days from the date of -

a. declaration of any dividend
b. distribution of any dividend; or
c. payment of any dividend whichever is the earliest.

The provisions of the Finance Bill will come into effect w.e.f. 01/04 except in certain specific provisions where the provisions proposed in the budget will be effective from any other date usually 01/06.

In your case, the earliest point will be the date of declaration of dividend by the Board of Directors at their meeting held on 05/04/2013. Hence, DDT will as applicable for AY 2014-15.



You need to be the querist or approved CAclub expert to take part in this query .

Click here to login ( Members Login ) now

Similar Resolved Queries :


Quick Links

back to the top