Dividend Distribution Tax is the Tax which is required to be paid @ 15% by the Company who has declared, distributed or paid any amount as Dividend. The provisions of Dividend Distribution Tax are governed by Section 115-O under Chapter XII-D
Finance Act 2014 has amended Section 115-O and with the introduction of this amendment – the dividends would be required to be grossed up for the purpose of payment of Dividend Distribution Tax.
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