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Dividend tax

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(Querist)
09 January 2014 hai sir,
can u explain about dividend tax.when it is paid.
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CS Adnan Shaikh

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CS Adnan Shaikh (Expert)
09 January 2014 Dear Pallavi,

Dividend Distribution Tax is a tax paid by the Company on declaration of dividend. When the Company declares dividend, this tax needs to be paid. After paying tax, the remaining amount is distributed to the shareholders.

Regards,
Adnan

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