115 - o
This query is : Resolved
21 November 2011
PLEASE LET ME KNOW RATE OF TAX PAYABLE BY DOMESTIC COMPANY U/S 115-O TO A RESIDENT SHAREHOLDER BEING INDIVIDUAL
21 November 2011
Section 115-O is applicable to the Domestic Companies when such companies distribute profits to shareholders -or say pay dividend to shareholders.
.
Company has to pay tax to the Govt @ 15% which is known as Dividend Distribution Tax.
Company does not pay tax to a resident shareholder as such.
.
Company has to pay tax to the Govt @ 15% which is known as Dividend Distribution Tax.
Company does not pay tax to a resident shareholder as such.
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