Corporate dividend tax

This query is : Resolved

BABU (Querist)
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04 August 2012 what is current percentage for corporate dividend tax in india.

And why companies are paying corporate dividend tax

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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04 August 2012 The rate is 15%.
.
Humour:

1. The reason is the same as in the case of other taxes which we are paying.
.
2. To disinfect/purify the profits of the Co. DDT Dividend Distribution Tax is being paid. If Company do not distribute divdends, it has not to pay DDT.
.

BABU

BABU (Querist)
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11 August 2012 Thank you sir.

But company already pays tax and then only they declaring dividend, then why so again paying DDT...?

Is this lead to double taxation...?

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