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Dividend Distribution Tax rate (Income Tax)

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This query is : Resolved


( Author )
07 May 2011

Suppose the company want to pay the dividend for the financial year 2010-11 during the year 2011-12. Which Dividend distribution tax rate is applicable whether DDT of A Y 2011-12 or A Y 2012-13. Please advise me.


CA MANOJ GUPTA

( Expert )
07 May 2011

AS PER SECTION 115-o THE DDT IS PAYABLE AT THE EARLIEST OF DECLARATION, PAYMENT OR DISTRIBUTIOIN
IF THE DIV HAS BEEN DECLARED UPTO 31.03.2011 THEN RATE OF 2010-11 WILL APPLY AND IF THE DECLARATION IS AFTER THAT DATE THEN RATE OF 2011-12 WILL APPLY.

CA MANOJ GUPTA
JODHPUR
09828510543


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