Whether premium on redumption of preference shares is considered as distribution of profits and will attract Dividend distribution tax or not.
Dividend dist. tax on premium on redumption of pref. share
vimal jain (CA Job) (29 Points)
16 June 2015vimal jain (CA Job) (29 Points)
16 June 2015Whether premium on redumption of preference shares is considered as distribution of profits and will attract Dividend distribution tax or not.
CA Ankit Gupta
(Self Practice)
(45 Points)
Replied 16 June 2015
Yes it will attract dividend distribution tax.
Sonakshi Mangla
(Employee)
(310 Points)
Replied 16 June 2015
Can you provide any supporting link which could affirm the point you are making? ankit
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