Grossing up of Dividend for distribution tax - increase in effective Dividend Distribution tax rate of 3.47%



The Finance (No.2) Bill, 2014 proposes to levy pidend distribution tax by grossing up the pidend payable for the purpose of computing liability towards pidend distribution tax. As per the existing provision of Section 115-O pidend distribution tax at the rate of 15% is to be paid on the amount of th
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